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Robo-Advisor Pursuing Retirees as Clients

Friday, Nov 07 2014

News Roundup

Written by PFA News

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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.

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