Robo Advisor Works To Expand Services And Fees

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 and lower as human minimums likely to rise When Betterment…