Profit from robo-advisors

Article Excerpt

BROADRIDGE FINANCIAL SOLUTIONS $89.48 New York symbol BR; TSINetwork Rating: Average) (201-714-3000; www.broadridge. com; Shares outstanding 116.6 million; Market cap: $10.4 billion; Dividend yield: 1.6%) has now formed a partnership with Canadianbased robo-advisor Wealthsimple. That company manages over $1 billion in assets for 50,000 clients. Generally, robo-advisors provide a set number of portfolios composed of exchange-traded funds (ETFs). They aim to automatically match each investor to one of those portfolios by using the results of an online questionnaire that the investor has completed. Broadridge’s goal is to help Wealthsimple keep its costs low by providing it with efficient automated investment programs. They facilitate client signups, regulatory compliance, and account monitoring and transfers. Broadridge is still a buy. buy…

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