Ritholtz Wealth Administration has launched Good Recommendation, an automatic wealth administration service that features asset administration, monetary planning and monetary consulting, in keeping with a latest filing with the Securities and Alternate Fee. The platform is configured to information purchasers “by your entire funding administration course of,” it stated.
The brand new service requires a minimal account steadiness of $15,000, the submitting states, including that “the utmost whole price charged for our Good Recommendation service is not going to exceed 0.50% of belongings underneath administration.”
The disclosure comes lower than three months after Ritholtz confirmed it was buying BlackRock’s direct-to-consumer FutureAdvisor robo enterprise.
It wasn’t instantly clear if Good Recommendation Automated Wealth Administration is Ritholtz’s model of the previous BlackRock robo-advisor. An out of doors spokesman stated Ritholtz had no remark Wednesday afternoon.
Liftoff, the agency’s older robo-advisor, additionally prices a price of as much as 0.50% of belongings, which it splits with Betterment Securities; Betterment operates Liftoff on the Betterment for Advisors platform. Not like Good Recommendation, Liftoff requires no minimal funding.
Betterment didn’t instantly reply to an e-mail asking whether or not it’s partnering with Ritholtz on the Good Recommendation robo advisory.
