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by vladko 4032 days ago
lots of people are using robo-advisors and RIA services... so i think that part is already proven.

now as far as webo specifically, if the community gets behind it.. this platform can be as secure, robust and feature-full as any fintech platform out there. btw, we are already pretty sophisticated. we spent quite a bit of time building a full fledged solution that has a plethora of popular features (from tax loss harvesting, to muni substitution, to various rebalancing methods and portfolio accounting)... so a lot is done, but a lot of help is also needed from community.

(magento anyone?)

not to mention our goal is to enable not only RIA's but also developers, by allowing them to create plugins (and possibly profit form it)...(again examples are magento/wordpress)

Need a connector to your favorite custodian? there's an app for that. Need a more clever rebalancer? there's an app for that. Need a new theme or improved workflow? How bout additional ACH features?

our product is highly modularized so having developers hook into the system to expand on the core features is something that's more important to me personally than seeing if s&p 500 will outperform my personal EFT portfolio (which it hasn't ;)