Totum Wealth, is based in California and offers a tool for financial advisors to serve their client wealth management needs holistically. Which means taking into account all the human factors that are part of life and therefore cant be treated as “exogneous” to Wealth creation.
Back to the article about the robo-adviser obession; I pick the following excerpt:
“If I was running a financial institution, I would be collecting fintech Pokémon left and right. Valuations have fallen since the LearnVest deal. Most financial institutions’ core business is not focused on developing technology or UX expertise; in fact, most are terrible at it. The alternative, gradually becoming obsolete, is dire. Expect the deal flow to continue.”
So is the M&A robo-advisory trend that will continue?
Will B2B robo-advisory dominate; i.e. the trend we are monitoring in the topic The US B2B roboadvisors are powering ahead?
Is Europe and Asia not playing Fintech Pokémon in robo-advisory?