RobustWealth, a digital wealth platform designed specifically for investment advisers, has attracted more than USD500 million to its platform in the five months it has been operational.
RobustWealth was able to cross that threshold with the addition of 93 new advisers from 25 firms since 1 January 2017.
The private label platform offers an integrated suite of technology services and digital wealth tools, including automated rebalancing, bespoke investment models, bank transfers, custodial billing and paperless onboarding with document vaults.
“RobustWealth has been embraced by financial advisers because it seamlessly solves pain points that we knew many of them faced: a stack of different technology vendors, rather than an integrated suite of features, which also alleviates the burden of manual rebalancing,” says Rick Frisbie, CEO of RobustWealth. “The swift adoption rate and amount of assets we’ve attracted is a testament to the harmonious relationship that financial advisers and robos can and should have, as long as the robo is designed with the adviser in mind.”
The second version of RobustWealth’s platform, called BaseCAMP, is set to debut on 15 May 2017, and will be available to advisers at special pricing throughout May and June.