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The scariest three letters to financial advisors should be PAS, for Vanguard's hybrid robo offering, Personal Advisor Services, according to Bloomberg ETF analyst Eric Balchunas. Philly.com, the news site for Vanguard's home state, does a deep dive on the online digital investment platform, which costs 0.3 percent and, for clients with over $500,000 on the platform, provides unrestricted, on demand access to human advisors via phone or email as needed. ...
Wells Fargo Team Jumps to Kestra
Kestra has recruited a Paramus, N.J.-based Wells Fargo Advisors team to its Private Wealth Services platform. Liberty Wealth Solutions, which oversees $300 million in client assets, includes Managing Director Steve Battel and Senior Vice Presidents Rob Yevchak, Bruce Battel and Nancy Hurst. ...
Yodlee Streamlines Asset Transfers
Amidst a flurry of rollouts and improvements, including a voice bot integration, Envestnet’s Yodlee is adding an asset transfer product to streamline its onboarding, the company announced at its advisor summit. After investors enter their credentials, the Asset Transfer Service tool verifies account registration and assets, and provides support for full or partial account transfers. ... |
