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. In an interview with Reuters, Mr Dimon said that while he was not yet ready to talk about his own investment strategy, he would soon reveal more details at a conference organised by the American Chamber
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.