Robo advisors continue to attract headlines and assets. As of late 2016/early 2017, Vanguard Personal Advisor ($52 billion of assets under management), Schwab Intelligent Portfolios ($12.3 billion) and Betterment ($7 billion) led the field, according to a recent Moody’s Investor Services report. Robos are off to a good start with retail investors, but can they convince retirement plan consultants and sponsors to sign on? Industry participants cite several potential benefits to adopting the technology. Read more: www.wealthmanagement.com
