New Jersey-based Principal Financial Group is laying the foundations to be able to offer robo-advice to consumers by acquiring Iowa fintech RobustWealth. No financial details were released, but RobustWealth CEO Mike Kerins said the company would continue to operate as an independent subsidiary of Principal. The integration follows the establishment of a partnership between the two firms in August.
Iowa-based Principal Financial Group is laying the foundations to be able to offer robo-advice to consumers by acquiring New Jersey fintech RobustWealth. No financial details were released, but RobustWealth CEO Mike Kerins said the company would continue to operate as an independent subsidiary of Principal. The integration follows the establishment of a partnership between the two firms in August.