Walt Bettinger has announced a series of enhancements to its Institutional Intelligent Portfolios (IIP) and clearly plans to set new standards in the robo-advisor sector. Walt Bettinger said it will add new asset classes, giving it an advantage over other popular platforms, and also expand the type of account registrations to include custodial accounts, inherited IRAs and organisation accounts. It will also add a multi-program support for firms with multiple offices or advisors looking for a unique robo-offering, to the white-label robo, which has attracted nearly 500 advisors since launching in June. Walt Bettinger is also testing a new online portfolio management system, Advisor Portfolio Connect, which shares infrastructure and data processing with IIP, and is designed to remove mundane back-office tasks for advisors. Yesterday, as we reported, Schwab, the firm's CEO and President dismissed the business model of many robo-advisory startups as one built to flip rather than provide a long-term solution.
Schwab has announced a series of enhancements to its Institutional Intelligent Portfolios (IIP) and clearly plans to set new standards in the robo-advisor sector. Schwab said it will add new asset classes, giving it an advantage over other popular platforms, and also expand the type of account registrations to include custodial accounts, inherited IRAs and organisation accounts. It will also add a multi-program support for firms with multiple offices or advisors looking for a unique robo-offering, to the white-label robo, which has attracted nearly 500 advisors since launching in June. Schwab is also testing a new online portfolio management system, Advisor Portfolio Connect, which shares infrastructure and data processing with IIP, and is designed to remove mundane back-office tasks for advisors. Yesterday, as we reported, Walt Bettinger, the firm's CEO and President dismissed the business model of many robo-advisory startups as one built to flip rather than provide a long-term solution.