Intelligent Advisor

 

http://www.thewealthmosaic.com/product/bambu

We build wealth management digital platforms for businesses.
Our digital platform allows businesses to offer their customers automated and technology-augmented investment services. Bambu's technology and product solutions enable our clients to deliver a superior customer experience through the digitisation of services.

17 Hanover Square,
London
W1S 1BN

 

Schwab Intelligent Advisor
 
Schwab’s recent entry into the robo advisor domain makes a splash on account of its model that is free. This platform guarantees no advisory fees, account service fees or commissions. Schwab Intelligent Portfolios calls itself an “on-line investment advisory service that rebalances your portfolio, and assembles, monitors -so you don’t have to.” Similar to Betterment, Schwab is aims- established and helps you keep on top of your savings and income targets.
Schwab requires at least $5,000 to open an Intelligent Portfolios account. That is the highest minimum prerequisite for each of the robo-advisor discussed in this article.
 
The first 12 question query form gives Schwab the advice to design your portfolio. Although their ETF portfolio allows for up to 20 asset categories, your individual account may not contain each of their offerings. Schwab has the broadest asset classes and investment options of any of the former advisers that are automated and includes property, fixed income, stock, and commodity ETFs. Where Schwab differs is in the allocation to cash. Each Intelligent Portfolio has a percentage invested in cash. Schwab clarifies that cash is not unimportant to some well-diversified portfolio and enhances stability, liquidity, diversification, and protects against possible inflation.
 
Schwab can afford to offer a no-fee service because they’ll get earnings on the consumers’ investments their ‘Schwab- money market funds’ and branded ETFs. Additionally they may be compensated by the firms which make the trades. As with all of the companies, there are annual management fees for the underlying ETFs. According to Schwab, “ETFs offered by other online advisors have operating expense ratios in ranges similar to that of Schwab Intelligent Portfolios.” The total operating expense ratio of a typical portfolio will range from 0.12% for a conservative portfolio for 0.25% AUM for the more aggressive investor.
 
Schwab’s services include the typical automatic rebalancing. Eligible for the automatic tax loss harvesting .
 
In accordance with the criteria of low fees, diverse index fund offerings, and robust services, the best robo advisor for 2016 goes to SigFig. SigFig offers the most extensive collection of services, including an online private adviser for accounts greater than $10,000. Their app is state of the art and the portfolio corrector is powerful. That said, it’s a rough contest to call the winner of the ‘best robo advisor’ because it is important to think about your own personal situation. If you will want platform which holds your assets within their custody, then certainly one of the other robos might be a better fit for you.