The problem with disintermediating is that it means you can't make any money either. Looking forward to the blog article when some blockchain community is undercutting your 0.13%
Yeah, what is the secret sauce that lets them be profitable on only 3bp and provide a fund expense of only 10bp? All the roboadvisors are a 15-25bp wrap and ~16bp funds fees. A 401k provider is naturally more costly since there are compliance issues.
No secret sauce. We are a SaaS company, not an AUM fee based company. We are not a robo advisor. We focus on retirement, tax advantaged accounts not cash accounts. Compliance issues are perfect problems for computers to solve ;)