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.

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