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Latest Results from /wealth

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Robots on the high street: MoneyFarm opens pop-up shop

Digital investment advisory firm MoneyFarm is looking to bridge the gap between the impersonal world of the robo-advisor and the confidence-building connection achieved via a human intermediary by opening its first pop-up shop in Milan.

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UBS strikes alliance with robo-advisor SigFig

UBS has invested in wealth management tech firm SigFig as part of a strategic alliance that will also see the San Francisco startup create digital tools for the Swiss bank's US advisors.

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Krawcheck launches robo-advisory service for women

Former Bank of America and Citi executive Sallie Krawcheck has launched a robo-advisory company catering specifically to women.

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Investment pros wary of robo-advisor threat

Investment professionals around the world expect robo-advisors to start replacing humans in the mass affluent market, but are far less concerned that computers will oust them from their work with higher net worth clients.

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Robo-advisor Betterment raises $100m

Betterment has raised $100 million in a funding round led by Swedish investment firm Kinnevik which values the American robo-advisor at $700 million.

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Investment management ousts payments as fintech's hottest area

Move over payments, London's hottest fintech scene is now investment management, according to a report from PwC and Startupbootcamp which claims a host of upstarts are transforming the way money is managed.

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Finra takes a closer look at robo-advisors

US regulatory body Finra (Financial Industry Regulatory Authority) has waded into the growing market for robo-advisory services, warning firms of the need for sound governance and supervision of digital investment tools.

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RBS to cut 550 jobs in preparation for robot revolution

Royal Bank of Scotland is to cut 550 jobs as it scales back on in-person advice to customers with less than £250,000 to invest.

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Robo-advisor MoneyFarm launches in the UK

Italian robo-advisor MoneyFarm has launched in the UK, enabling Brits to download an app and manage their investments from their iPhones.

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BBVA increases newly independent fintech venture fund to $250m

BBVA is shaking up the way it invests in fintech startups, closing its $100 million in-house fund and pumping $250 million into a new independently managed outfit called Propel Venture Partners.

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RBC Wealth Management partners FutureAdvisor on digital advice pilot

The Royal Bank of Canada's American wealth management arm is piloting technology from robo-advisor FutureAdvisor.

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FTV Capital invests in UK wealth management outfit True Potential

British investor and wealth management technology platform True Potential has sold a "significant minority" stake to US private equity firm FTV Capital in a deal that values the fintech outfit at more than £150 million.