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Backend Benchmarking Publishes 14th Edition of Robo Report(TM) and 4th Edition of Robo Ranking(TM)

MARTINSVILLE, NJ / ACCESSWIRE / February 5, 2020 / Backend Benchmarking has published the 14th edition of The Robo Report™ and the 4th Edition of The Robo Ranking™ covering the fourth quarter of 2019. This report is a continuation of an ongoing study that monitors the most well-known robo advisors. It strives to provide a reliable resource for both investors and professionals interested in the digital advice industry.

"Robo advisors have taken the advice industry by storm. Larger independent providers continue to show strong growth and develop innovative features, and robo advice technology has been adopted by banks, brokerages, and other traditional advice firms," says Ken Schapiro, President of Backend Benchmarking.

This latest edition of The Robo Report™ also contains The Robo Ranking™, the most comprehensive analysis of digital advice products. The Ranking grades the robos across more than 45 specific metrics and is the only examination that includes real and reliable performance data. Each robo is scored on various high-level categories, such as features, financial planning, customer experience, access to live advisors, transparency and conflicts of interest, size and tenure, account minimums, costs, and performance.

"Overall, digital advice providers are continuing to invest in their platforms and expand past investment management into other areas of personal finance. We anticipate this trend to continue into 2020," said David Goldstone, Head of Research at Backend Benchmarking.

Robo Ranking Highlights:

  • Fidelity Go and Vanguard awarded Best Overall Robo

  • Fidelity Go and Axos Invest win Best Robo for Performance at a Low Cost

  • Wealthfront and Personal Capital Standout for Best Digital Financial Planning Tools

  • Betterment and SoFi are the best platforms to those new to investing

Robo Report Performance Commentary:

  • SRI portfolios maintain strong performance through the end of 2019

  • Axos Invest is emerging as a performance leader

  • Fidelity Go and SigFig lead the three- and four-year performance periods

Please note:

Performance is partly based on Backend Benchmarking's innovative method to compare globally diversified portfolios called Normalized Benchmarking. A methodology of Normalized Benchmarking, details of how they create the scores and ranking and The Robo Report™ and The Robo Ranking™ are all available for free at https://www.backendbenchmarking.com/the-robo-report/. Follow the Report on Twitter @theroboreport.

Please see this link for Terms of Use Guidelines for subscribing or using data: https://www.backendbenchmarking.com/the-robo-report/use-guidelines/.

Failure to comply with the guidelines may result in a takedown notice, revocation of your subscription to the firm's research, and/or legal action.

To request written consent or a license, contact The Company at info@backendb.com or call 732-893-8290 and ask for David Goldstone.

Disclaimer of Warranties:

Research is provided "as is" with all faults. The Company disclaims all warranties of any kind regarding the Research, either express or implied, including but not limited to, any implied warranty of merchantability, fitness for a particular purpose, ownership, noninfringement, accuracy of informational content, and absence of viruses and damaging or disabling code.

The Company does not warrant the accuracy, completeness, or timeliness of the Research. The Company shall not be responsible for investment decisions, damages, or other losses resulting from use of Our Research.

Past performance does not guarantee future performance. The Company shall not be considered an "expert" under the Securities Act of 1933. The Company does not warrant that this service complies with the requirements of the FINRA or any similar organization or with the securities laws of any jurisdiction."

Some jurisdictions do not allow the exclusion or limitation of implied warranties, so the above exclusions or limitations may not apply.

Please direct media inquiries to:

Bill Bongiorno
President
Blue Chip Public Relations, Inc.
914-533-7065
www.bluechippr.com
Bill@bluechippr.com

SOURCE: Backend Benchmarking



View source version on accesswire.com:
https://www.accesswire.com/575326/Backend-Benchmarking-Publishes-14th-Edition-of-Robo-ReportTM-and-4th-Edition-of-Robo-RankingTM