What Will I Learn?
Our immersion program is made up of sessions with leading companies operating at the forefront of the major trends in wealthtech including:
Micro-investing platforms are disrupting the traditional investment advisory market principally through new business models. These companies typically do not take transaction fees but instead charge a low monthly fee. They allow users to make investments of much lower amounts of money than traditional investment firms would be willing to work with. Stash, for example, let’s customers make an investment of just $5. Other startups in this space with significant venture capital backing are Acorns and Robinhood.
Digital brokerages are another major trend in the wealthtech space. Motif Investing is among the biggest names; the company offers retail investors and professional advisors the chance to create and trade baskets of stocks or bonds or invest in pre-existing portfolios built around major economic trends.
The robo-advisor vertical includes companies in the B2B and B2C categories. The latter is led by Wealthfront, which has raised over $100m from investors since it was founded in 2011. In the B2B space, startups like SigFig are serving some of the world’s financial institutions through white-label products. The power of robo-advisors to disrupt stems from their use of algorithms to buy, sell and trade stocks and bonds at a fraction of the cost of human advisors. Combined, startups in the robo-advisor space have billions of dollars under management.
Wealth management and investing is being disrupted by a range of software and services that offer alternatives to traditional advisors. NerdWallet, a personal finance website and app, is one company building these tools, which include price comparison engines and advice from networks experts. Alpaca, meanwhile offers a platform for commission-free, automated trading in U.S. equities.
Startups offering digital portfolio management tools include Addepar, a company aimed at the B2B market which provides software to aggregate investment portfolios. It has raised some $200 million to date and boasts family offices, banks, foundations and endowments among its customers. Jacobi is another startup in this area seeking to disrupt established companies through its intelligence platform for investment managers.
Automated wealth management platforms are also making a play for the trillions of dollars at stake in retirement assets. Companies such as ForUsAll and Guideline are targeting small businesses, offering them a streamlined, high-design experience to manage employee pension plans. Personal Capital, meanwhile, offers a suite of online tools for individuals looking to make investments and save for retirement. Unlike large companies with high overheads and staff costs, robo-retirement firms can afford to accept clients with relatively small amounts of savings.