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SigFig Knock Fidelity Out of Top Spot in Robo Advisor Rankings

Sunday, Sep 06 2020
News Roundup
Written by  PFA News

The second quarter was a good one for robo advisors as account openings surged during the pandemic and the portfolios matched or outperformed major market indexes. So reports Think Advisor.

trophy 3037778 1280This new data comes from the newest Robo Report from Backend Benchmarking.

Since late February, Wealthfront saw a 68% jump in new account openings, while TD Ameritrade saw a 150% increase in new accounts for its robo advisor. Fidelity’s robo advisor, a previous leader in Robo Report’s rankings, fell to third in Q2. SigFig took the top spot with TD Ameritrade coming in second. 

SigFig nabbed the top spot due to its platform, including a “strong digital tool,” investment performance and the ability to access live advisors.

Read the full article from Think Advisor.

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