Estimated reading time: 0 minutes, 19 seconds

Robo-Advisor Pursuing Retirees as Clients

Unlike most robo-advisors who cater to younger investors, SigFig is focusing on retired Baby Boomers who need to generate income rather than accumulate wealth. So reports the San Francisco Business Times.

The firm seeks to generate a 4% yield on investors’ portfolios by using eight to 12 exchange-traded funds (ETFs) and it has a minimum account size of $100,000.

Read the full article from the San Francisco Business Times.

Read 4960 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.