US Bank Teams Up With FutureAdvisor to Offer Automated Investment Platform

US Bank, a commercial banking provider, has launched a strategic partnership with BlackRock-owned FutureAdvisor, becoming the latest group to team up with an automated investment platform, according to a US Bank statement.

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FutureAdvisor is a digital investment manager registered with the US’ Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission. Founded in 2010, the group is reported to have $600 million in assets under management, catering to a large clientele in the US. The new alliance with US Bank is the latest partnership between two seemingly differentiated companies, each looking to explore and Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term automated investing.

Symbiotic Relationship

The newly combined service between US Bank and FutureAdvisor will be targeting a 2017 launch date – more specifically, the offering will include a hybridized approach that melds FutureAdvisor’s technology and algorithms with US Bank’s human capital, i.e. a hand picked group of the bank's wealth management unit.

In addition, the offering will target US clients and be accessible for US Bancorp Investments accounts. The service will also look to capture gains from an ongoing trend in the US that has seen an uptick in hybrid robo-human services, namely in regard to automated investing.

According to Mark Jordahl, president of US Bank Wealth Management, in a recent statement on the joint offering: “US Bank Wealth Management is committed to serving clients where they are today and will be in the future, and that includes embracing robust technology strategies. We believe this automated investing offering will complement the work of US Bancorp Investments advisors as they provide goals-based planning to clients.”