Vanguard Robo-Advisors Handle 12x As Much As Schwab's

The robo-advisor market could ultimately be worth $500 billion, giving Charles Schwab, Vanguard and other big name providers plenty of room to grow from the current base estimates RBC Capital Markets analyst Bulent Ozcan. Even though Schwab’s (somewhat new) service is free for anyone with at least $5000 to invest, Vanguard is still the market leader with $17 billion in AUM for their robo-advisor services, twelve times more than Schwab Intelligent Portfolios can boast. If Ozcan is right, it’s possible for both to grow rapidly in the years ahead. “While still a small fraction of the total market, we believe…