Just as rankings of the year's best robo-advisors are announced, a new challenger enters the ring with a pair of products that take cues from those deemed the best in the business.
This week, Trusit pulled back the curtain on Truist Invest, a new robo-advisor, and Truist Invest Pro, a hybrid investing solution that combines its robo with access to a team of financial advisors. Interested clients can get started with as little as $5,000.
As for how Trusit's offering will stack up against robo leaders like SoFi, Wealthfront and Fidelity, the jury is out. But experts say the human element present in Truist Invest Pro brings it a step closer to cracking the next set of rankings.
And the race is heating up. Research shared this week by Grand View Research says the robo advisory market is poised to hit $41.83 billion by 2030, growing at a compound annual growth rate of nearly 30%.
Check out the full story on Truist, as well as the best robo-advisors of 2022, at Financial Planning.
Anything else on your mind? Drop me a line at [email protected]. Have a great rest of the week!
Regards,
Justin | | Justin Mack
Reporter, Financial Planning
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