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by jonwachob91
3369 days ago
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They don't have to make risky investments in these companies. They could collect the deposits and provide them to betterment/wealthfront, while they split the fees. The robo-advisors could cut their acquisition team and focus on the algorithms and the small banks could cut their advisor staff. It's basic synergy. It's a risk free method for partnering small banks with innovative companies. |
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