The Robo Report™ Announces 2 Year Return Numbers for Robo Advisors In New Q3 Report; Publisher BackEndBenchmarking Adds New Qualitative Sections

MARTINSVILLE, N.J., Oct. 23, 2017 /PRNewswire/ -- The Robo Report™, the first and only report on the performance and portfolios of robo advisors, published by BackEndBenchmarking, has been released for the third quarter 2017, the company announced.

"We've been pleased by the overall response to the Report from the public, investment advisors and the financial media. It's getting noticed for the information it provides that previously has not been available to investors and the transparency it offers," said Ken Schapiro, Founder of BackEndBenchmarking, the publisher of The Robo Report™.

The expanded Report now offers a first look two full years of a few robo advisors performance data, along with new sections that include interviews with WiseBanyan, Personal Capital and Betterment; the addition of Sofi, TIAA and WealthSimple; and upside/downside capture ratios for more specific quant on risk tolerance, as well as more detailed asset allocation and style analysis.

The company currently tracks Acorns, Betterment, eTrade, Fidelity Go, Future Advisor, Personal Capital, Schwab, SigFig, Tradeking, Vanguard, WiseBanyan, TD Ameritrade, Ellevest, Hedgeable and Merrill Edge, Sofi, TIAA and WealthSimple.

Alongside reporting performance on a quarterly basis, The Robo Report™ includes a discussion on the trends during the quarter that drove performance, highlighting portfolios that benefited or were disadvantaged by the trends. It has added a Robo News section highlighting news stories and announcements in the robo investing world.

Sections of the Report Include: Robo Reviews; Trades, which covers the moves made by different Robos; Market Commentary, covering how different asset allocations have responded to recent market trends; and  Risk/Return Analysis, bringing a risk perspective to the portfolio.

The Report rates the Robos by performance in Equity, Fixed Income and Total Portfolio as Best, 2nd and 3rd in each category for the quarter as well as comprehensive return data for all Robos tracked.

To get a first-hand understanding of how the different providers operate and invest clients' money, BackEndBenchmarking opened up, funded, and sought specific portfolios. For taxable accounts, it sought a moderate allocation of approximately 60% stocks and 40% bonds for an investor in a high tax bracket. As for IRAs, the goal was to have the most aggressive (highest stock) allocation. Starting with a similar baseline allocation across the portfolios allows it to measure performance and compare how its funds are invested as equally as possible. The knowledge of the underlying assets held in portfolios helps to understand the structure of the portfolio, the risk, and what is driving or holding back performance.

The Robo Report™ is an ongoing study that monitors the largest and most well-known robo advisors with the goal of providing industry transparency. Given the comparatively recent emergence and increasing popularity of these algorithm- and automation-backed products, its publisher BackEndBenchmarking sought to understand their characteristics and how they compare in order to bring transparency to investors. The goal is to provide a research tool to help investors make informed decisions when considering investing in a robo advisor. The company is committed to unbiased, informative, and numbers-driven analysis of the different robo advice providers.

This report represents BackEndBenchmarking's research, analysis, and opinion only; the period tested was short in duration and may not provide a meaningful analysis. There can be no assurance that the performance trend demonstrated by robos vs indices during the short period will continue.

The Robo Report™ is available for free at https://theroboreport.com/. Follow the Report on Twitter @theroboreport. For more information, contact BackEndBenchmarking™ at [email protected].

SOURCE BackEndBenchmarking

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