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."
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
