Updated Tuesday, October 21, 2014 as of 11:12 AM ET

Robo Advisor Update: Schwab Plans Affect RIAs, Startups

A Charles Schwab entry into the digital advisory space could shake up the existing players -- but also ramp up the company's rivalry with the traditional advisors who use its custodial services, say industry analysts.

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Comments (1)
I am already being contacted by software vendors to offer similar services so that an advisor like me (one person shop) can compete for anyone at any income or asset level. It does a lot of good things including lowering the demographic of my client base should I ever sell my firm. What Schwab can do, we can do also. I don't think anyone believes there will not be continued pressure on fees. Luckily software levels the playing field for all if you're open to it.
Posted by Bonnie S | Friday, August 01 2014 at 8:47AM ET
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