Schwab ‘robo advisor’ doubled assets over the last year

Investments in Charles Schwab Corp’s “robo adviser” service grew to surpass $10 billion in September, more than double the year-ago level, a spokeswoman said Thursday.

The automated investment service, Schwab Intelligent Portfolios, allocates cash among exchange-traded funds according to formulas based on client questionnaires. Read more: www.wealthmanagement.com