Marketriders, a US robo advisor recently acquired by broker Sogotrade, has its sights on the China market, though strict capital controls are an obstacle, said Sogotrade CEO Jonathan Yao.
Sogotrade is a St. Louis-based online broker that provides service in both Chinese and English. About 15% of clients are from Asia, including China, Hong Kong, Taiwan, Singapore, as well as Australia, he told FSA.
The brokerage recently introduced Marketriders, a robo advisory service, that open for foreign investors. The Marketriders portfolio is fully automated and can construct at least 18 various portfolios according to risk profiles and user preferences.
The portfolios contain roughly 8-12 ETFs listed in the US across stocks, bonds, REITs and commodities. A yearly fee between 0.25-0.45% is charged based on size of investments, with minimum threshold of $1,000. The portfolio is rebalanced as significant market changes occur, he added. Continue reading “US robo advisor eyes Asia”
Customers Will Enjoy Newly Enhanced Managed Portfolio Robo-Advisor Services
ST. LOUIS, MO–(Marketwired – Mar 1, 2017) – Former Scottrade executives Jonathan Yao and Kristopher Wallace today announced the acquisition of MarketRiders, the first robo-advisor. Since its inception in 2008, MarketRiders, the pioneering force behind the robo-advisory space, has helped over 15,000 investors (representing $5 billion in assets) create and manage their own investment portfolios. MarketRiders was acquired through its parent company — Sogo Financial Group, Inc. — which also owns leading discount broker SogoTrade.
Continue reading “Former Scottrade Execs Announce Acquisition of MarketRiders — The Original Robo-Advisor”
ST. LOUIS, Feb. 28, 2017 /PRNewswire/ — SogoTrade received a ranking of “Best in Class” among the top online stock brokers for low cost commissions and fees, and a remarkable 4 stars for both customer service and options trading in the 2017 Online Broker Review by StockBrokers.com.
“SogoTrade is honored to rank among the best brokers for low-cost commissions and fees,” said Jonathan Yao, CEO at SogoTrade. “We strive to offer the lowest stock trade commissions in the industry.”
Continue reading “SogoTrade Ranks “Best in Class for Commissions and Fees” For The Second Year In A Row By StockBrokers.com”