RIAs that custody their clients' assets with Charles Schwab now officially have the option of calling themselves Robo advisors.
That's because the behemoth discount broker has rolled out its Institutional Intelligent Portfolios platform, specifically designed for the broker's RIA channel to meet retirement investors' growing craving for web-based advisory solutions.
What the platform claims to offer could be called a turnkey solution for advisors.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
