Robo Advisor Works To Expand Services And FeesMark Melin
After providing his financial services to clients without charge, WiseBanyan has decided it’s time to generate revenue on the $50 million the automated brokerage platform has under management. The firm is rolling out a tax reduction strategy on investments that the firm says provides a winning return on investment for its generally middle class investor base with under $100,000 or less in assets under management. The move highlights how robo advisors work to differentiate their services -- and generate fees in the low fee industry.
Robo advisor industry - driving fees lower . . .
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