U.S. Bank’s move comes after UBS, JPMorgan Chase, and other companies have rethought their approach to digital advice.

Major banks including U.S. Bank, UBS, and JPMorgan Chase are abandoning robo-advisors after discovering that thin profit ...

The robo-advisor business continues to consolidate. Betterment’s announcement on Feb. 26, 2025, that it will acquire Ellevest’s automated investment business in April is another in a long line of ...

Investing and financial planning has changed dramatically over the past few decades. Advances in technology and user-friendly brokerages have made investing open to everyone, and costs have ...

JPMorgan Chase’s You Invest, which includes its automated advice platform, or so-called robo advisor, Portfolios, saw a steep uptick in the number of new accounts opened in 2020 compared with the ...

Robo-adviser platforms began to emerge in 2008 during the Great Financial Crisis. The initial hype created widespread speculation that they would replace traditional human financial professionals.

In what has been an up and down year for the robo-advice industry, JPMorgan has become the latest company to tweak its digital strategy in the face of thinning profit margins. This week, JPMorgan ...

Looking for a straightforward way to manage your investments without stepping into an investment bank or meeting with a financial adviser? With a recent Statista survey finding that automated ...

The MarketWatch News Department was not involved in the creation of this content. The growth of the Robo Advisor Market is driven by the increasing adoption of digital wealth management platforms, ...