Plus, Fidelity hires former Treasury official, and more.
Robo Advice In The USA - Revolution or Evolution? Including: Robo Advice, Automated Financial Planning, Financial Advice, Brokerage, Fund Platforms - Research and Markets
Plus, TCW sues DoubleLine Trust, and more.
They made up 26% of buyers in first half of 2016, up from 11% in the first half of 2015
Naureen Hassan, who previously oversaw Charles Schwab & Co.'s retail robo-adviser platform, has been hired as chief digital officer for wealth management at Morgan Stanley.
Breakfast with Benjamin West Oak Capital added another $1.3M of Charles Schwab stock, upping its total stake to more than 46,000 shares.
The firm's new target-date mutual funds beat out Fidelity and Vanguard funds in price by two basis points.
Profitability is up 27% since 2011 as firms become more efficient through technology