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FIDELITY plans 'robo-adviser' to manage client money...


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#1 Rogerdodger

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Posted 20 November 2015 - 09:34 PM

FIDELITY plans 'robo-adviser' to manage client money...

The platform, called Fidelity Go, is being piloted internally now and will be made available next year for a small group of clients to test, according to Fidelity spokesman Robert Beauregard.

Some investors "don't have the skill, will or time to manage their money, and so they turn to a partner," said Beauregard.

Fidelity's platform will make use of the company's own products, which include mutual funds. But the firm will also use funds managed by BlackRock, the largest manager of exchange-traded funds under its iShares brand and a business partner of Fidelity's.

Edited by Rogerdodger, 20 November 2015 - 09:49 PM.


#2 dasein

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Posted 22 November 2015 - 06:27 PM

Some investors "don't have the skill, will or time to manage their money, and so they turn to a partner- wasnt that why people turned to mutual funds in the first place? who had time to be a Peter Lynch????
best,
klh