Talking at the Schwab’s annual Impact conference, CEO and President, Walt Bettinger, dismissed the business model of many robo-advisory startups as one built to flip rather than provide a long-term solution. Certainly you've heard this. Schwab built its own robo-advisory platform, Intelligent Portfolios, which has gathered $4.1bn in assets since its launch in March, and considers it to be cheaper and more trustworthy that platforms run by digital-first firms. “People are going to want to do their own research on what they need for retirement or other financial goals, but they’re not going to have access to an advisor who can help them with that,” said
Talking at the Schwab’s annual Impact conference, CEO and President, Walt Bettinger, dismissed the business model of many robo-advisory startups as one built to flip rather than provide a long-term solution. Schwab built its own robo-advisory platform, Intelligent Portfolios, which has gathered $4.1bn in assets since its launch in March, and considers it to be cheaper and more trustworthy that platforms run by digital-first firms. “People are going to want to do their own research on what they need for retirement or other financial goals, but they’re not going to have access to an advisor who can help them with that,” said