The robo revolution is well underway, and with the passage of time comes an important ingredient in evaluating robo-advisors: performance history.
Analytics firm Backend Benchmarking studies robo returns, maintaining accounts with similar risk profiles at various firms and sharing the findings with their subscribers quarterly. Barron's recently reported on Backend's Q2 data.
And the results? Schwab Intelligent Portfolios® had the top one-year return among the portfolios studied—those with allocations roughly equivalent to 60% equities and 40% bonds.
The Barron's cover story also explores the history of robo-advisors and the ways they’re evolving to meet more investors' needs.