Robo-advisors will continue to enter the industry this year, targeting DIY investors who want to self manage their portfolios.
Here are some key items to watch for, reports Financial Planning. If successful, other firms might follow suit.
1. No-fee digital consumer offerings – U.S. financial service firm Charles Schwab is using the promotion of zero costs to catch the attention of investors.
2. Personal advisor services – Vanguard has rolled out a platform in the U.S. that offers robo-advisory services.
3. Robo brokerages with zero commissions – Robinhood is a firm that lets investors trade stocks without having to pay any commissions.