AltFi.com uses cookies on this website. They help us to know a little bit about how you use our website, which improves the browsing experience and marketing - both for you and for others. They are stored locally on your device. By continuing to use this site you accept this use of cookies. Go to the Privacy and Cookies page for more information. You'll see this message only once.
Not signed in. Log in here.

Your daily download of all things alternative finance and fintech, from us at AltFi


 

JP Morgan almost bought SigFig in 2015




By David Tuckwell on 17th July 2017


A weekly wrap of robo-advice news from around the world. 

 

Jamie Dimon thought of SigFig

 

JP Morgan Chase is in the middle of rolling out a robo-advisor. But before it committed to building one, the company tried to buy one instead. Newly leaked conversations from 2015 suggest that Jamie Dimon personally discussed buying out SigFig Wealth Management. The buyout may have failed because UBS beat them to the punch.

 

Good financial advisors have nothing to fear

 

That robo-advice will massacre jobs has been an industry fear for years. With technology forcing big businesses to cut fees and ridding them of thousands of hours work by automating tasks, many employees are worried about their fate. But good advisers have nothing to fear: so thought attendees at SourceMedia’s InVest conference last week.

 

Brand loyalty is no object

 

Brand loyalty doesn’t matter for robo-advice, a new study has found.  Investors care far more about the price and ease of use than which brand they get advice from. According to the new survey by Legg and Mason, a mere 4 percent of investors said brand would sway their decision on which advisor to pick.

 

This article first appeared on www.roboadvicenews.com

Comments


Enter your name:

Enter a comment in the box below:

More like this:

The Fintech opportunity in London
14th November 2017
Will Bailey
The future of robo-advice is human
16th August 2017
Moriah Costa