FutureAdvisor Offers Asset Management Services In A Low-Fee World

Active asset management has come under attack in recent years, as individual investors have started to realize that for all the focus on over- or under-performing the market, high fees and tax inefficiencies can do more damage to your portfolio than missing out on a good trade. But people who allocate some of their money to Treasuries and the rest to an index-tracking ETF may have gone too far in the other direction, saving money on fees but missing out on having a really effective strategy in place.

One company that’s working to find a middle ground between these two extremes is FutureAdvisor, a modern wealth management tool originally backed by...