Wealthify has teamed up with TSB Bank to provide its services to the latter's customers - Business Insider

the remaining stake in the robo-advisor earlier this year. With the latest partnership, Wealthify now has access to TSB Bank's 5 million customers, to help it further accelerate customer growth. The 0.6% management fee the fintech charges for its services will be split between Wealthify and TSB Bank.

. Margins remain low for robo-advisors, which makes a large customer base ever more important. With a fee of 0.45%, robo-advisorsbetween $3.5 billion and $5.3 billion in assets under management to break even. While Wealthify hasn't disclosed its AUM and charges a slightly higher fee, having more customers will make its business more sustainable in the long term.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wealth business seen boosting earnings prospects for Singaporean banksSingaporean banks are likely to see strong revenue from wealth business bolstering their profits this year, with improving economic prospects also expected to cushion the impact on their interest margins hovering near record lows, analysts say. 변태적요소---인류의 미래의 모습--는 없을듯 인류의 미래의 모습--에서는 --인류란 모든생명체에서 지존이지요--스스로 갈고 닦는 모습--정도의 차아 트랜스 젠더---Bbf의 화장실(덴마크 패치발행국)--발통가격은 꼭 내세요--꼭 정품을 쓰세요 뒤에 계속
Source: Reuters - 🏆 2. / 97 Read more »

Why I have a plan to build generational wealth for my kids - Business Insider'One of my proudest financial moments was the day I reached $2,000 in savings at age 18. More than a decade later, my two-year-old son has not only passed that number already,' writes BuildingBread BuildingBread His son has more on savings than 4Billion people BuildingBread Yaaasssss! BuildingBread ChurchThatEnters This is the Hour for Restoration, Repentance and returning to The LORD. 25. 지금은 회복과 회개의 시간이며 주님께로 돌아가야 할 시간입니다.
Source: BusinessInsider - 🏆 729. / 51 Read more »

US should adopt wealth tax, like Argentina, to help with COVID crisis - Business InsiderOpinion | Their one-time 2% tax on the wealthiest citizens raised $4 billion and helped fund their COVID relief efforts. good luck How many vaccines have Argentinian companies developed? Yeah, let's make people pay an unfair share due to the gov not knowing how to spend OUR money within their means. How about you make a new budget rather than forcing everyone to give you more money.
Source: BusinessInsider - 🏆 729. / 51 Read more »