So how well has the Wealthfront Robo Bow job worked so far. Why its losoing money! its TOTAL 5 year return is 5.99% BUT BUT when you do the calculation its 1.19% per year… We have taken money from these assholes over and over again in our S&P500 trades……..
Indexing giant Vanguard Group plans to launch a robo-advisory service that cuts out human financial advisers completely.
Nick Note: Further PROOF their is a GOD who loves us. They came up with something dumber then algo trading… Now we get to Fuck their ha ha ha Robo Advisers… YEA BABBY! this is a further sgn of their desperation since everthing they touch turns toshit and loses money!!!
Vanguard is pilot-testing the new platform, in a sign of how the world’s second-largest money manager is aiming to capture younger, tech-savvy investors. NN no its a sign of how desperate they are to figure ut how to make money for teir clients
Vanguard’s robo-advisory push would increase the competition with companies including Charles Schwab Corp. and Betterment LLC for the money and data of this younger demographic. The automatic service would target fees of 0.15%, or $15 for every $10,000 invested, a price that undercuts many rivals. The total cost is expected to be about $20 on every $10,000 for individual investors once investment fees on the Vanguard funds the service will use are factored in. Vanguard will have to contend with those earlier entrants into the fully automated robo-advisory market. The firm has also had to invest in improving its technology infrastructure after dealing with several website glitches in recent years. The service, Vanguard Digital Advisor, will be offered to individual investors and members of workplace 401(k) plans when it goes live. The platform, which is only open to users by invitation for now, was disclosed in a regulatory filing this week. It is unclear when Vanguard will start to market the service more broadly. Within the 401(k) market, Vanguard’s new service would be part of a trend toward offering more personalized portfolios ( NN get this a automated Robo Blow me service is more personalized according to these clueless assholes) at a low cost with the aid of technology. The firm is considering ways to allow users to set more customized financial goals beyond how much they plan to save for retirement. Vanguard became a roughly $5.7 trillion household name on the back of index funds that track markets and don’t charge high fees. The Malvern, Pa., firm’s lower costs ignited a price war that is roiling the money-management world. It is now seeking new ways to press further into the business of advice-giving and become a bigger force in all aspects of the financial lives of individuals. The firm’s new digital service works like this: Users will feed the system with personal data and financial goals such as how much they hope to amass by retirement, according to the filing. Algorithms will then construct a portfolio with risk and return characteristics that it devises as the best fit for the person. Investors will pay for Vanguard funds used to build their portfolios as well as the service. The account minimum is $3,000 for individual investors. Over time, Vanguard is hoping to add new functions to the new platform including tools that could help users plan for college, save for a home or set aside emergency funds, according to the regulatory filing. Vanguard already has an offering that pairs computer algorithm-driven advice with help from about 750 of its own advisers who give telephone and online assistance. That service, Vanguard Personal Advisor Services, charges not more than 0.3% for advice, on top of product fees, and has an account minimum of $50,000. (NN notice how they don’t mention how much money this bullshit is making) This hybrid algo-driven and personal-advice offering has ballooned into a roughly $140 billion advisory behemoth since launching in 2015, in large part thanks to its efforts to target existing Vanguard clients. The offering has dwarfed robo-advisory pioneers such as Wealthfront and Betterment LLC, which each manage about $20 billion. As of June 30, Charles Schwab’s two online offerings managed $41 billion. Vanguard’s push into the business of digitized advice-giving is being watched closely by wealth managers.