E-Trade plans to launch Adaptive Portfolio, a robo-advisory service which embraces the “set it and forget it” approach to investing. E-Trade customers will be offered a choice of ETF-only portfolios or a mix of ETFs and mutual funds for 30bps plus fund fees. The announcement comes as new rules in the US are expected to trigger a fresh rush of money to low-cost investments popularised by robo-platforms over Tuesday. NY Times Dealbook suggests the news rules may also expedite a move towards robo start-ups forming partnerships with market incumbents.
E-Trade plans to launch Adaptive Portfolio, a robo-advisory service which embraces the “set it and forget it” approach to investing. E-Trade customers will be offered a choice of ETF-only portfolios or a mix of ETFs and mutual funds for 30bps plus fund fees. The announcement comes as new rules in the US are expected to trigger a fresh rush of money to low-cost investments popularised by robo-platforms over the past five years. NY Times Dealbook suggests the news rules may also expedite a move towards robo start-ups forming partnerships with market incumbents.