Robo-advice, supposed to be the latest and greatest (or not, depending on your point of view), has just taken a turn for the weird. 

The launch of Schreiner Capital Management's ALTS offers robo-clients the chance to invest on a platform that includes both alternative strategies and actively managed mutual funds. 

The new platform came online this week to very mixed reviews, with Ric Edelman, founder of Edelman Financial Services, definitely coming down on the unfavorable side. He was quoted saying in reports, "I don't know any online advice platforms that use active management, but I also don't know of any bakers that add cyanide to their cupcakes." 

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.