Charles Schwab And Rise Of Robo-Advisors

Several years ago, the idea of computer software managing and selecting the optimum investments for an individual’s retirement account, was not heard of.  Today, there are numerous “robo-advisor” options out there that rely on computer algorithms and software to help manage portfolios more efficiently.  Betterment is one such online company that offers robo-advisor services, but the real surprise and catalyst for this emerging concept is the fact that the big brokerages are now showing interest in the robo-advisor concept.  The Charles Schwab Corporation (SCHW) has released a feature known as the Schwab Intelligent Portfolio (SIP).  The Schwab Intelligent Portfolio is…