The shift from defined benefit to defined contribution plans left individuals responsible for their own retirement savings with serious consequences for retirement security. Risks that were formerly managed by sophisticated actuaries and professional portfolio managers — and borne by employers — have been transferred to individuals. It’s fair to say that individuals, rather than plan sponsors, now bear all the risks. Compounding the problem, individuals too often are directed to high-cost retail investment products rather than low-cost institutional products available …
Tag: robo-advisor
Evercore is an independent global investment banking advisory firm founded in 1995. Its dealmakers advise clients on mergers and acquisitions, divestitures, restructurings, capital raising, public offerings, private placements, and other strategic transactions. The firm also provides …
Founded in December of 2014, Scalable Capital is a European online investment manager with 40 employees and offices in Munich and London. It has raised more than $12 million in two rounds, the most recent of …