Big name retirement advisors such as Vanguard, Fidelity, and Charles Schwab have captured approximately 56% of affluent investor assets that are handled by robo advisors. So reports Investor’s Business Daily.
Those firms also have an advantage over banks because their brands were not tarnished during the subprime mortgage crisis, says Randy Wostratzky, a director at consulting firm Spectrem.
Read the full article from Investor's Business Daily.
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