Re:SEC Charges Two Robo-Advisers with False Disclosures (2018)
by randomacct3847 on Sunday April 14, 2019 @11:54PM
(#19663031)
I’m saying I don’t believe whatever private valuation they have. Wealth management is a lifestyle biz at best unless you get to Blackrock scale. I believe that is what they are pitching investors to get whatever valuation they have now but I am extremely bearish on these companies. Robo investing has been largely commoditized and AUM will inevitably tank with the next recession.
[ Parent
| on HN ]
Re:SEC Charges Two Robo-Advisers with False Disclosures (2018)
by danielecook on Monday April 15, 2019 @04:16AM
(#19663896)
What is a lifestyle business?
Re:SEC Charges Two Robo-Advisers with False Disclosures (2018)
by derp_dee_derp on Monday April 15, 2019 @04:29AM
(#19663940)
"lifestyle business" is a phrase made up by silicon valley wannabes to describe businesses that "only" generate a large enough profit for the owners to be millionaires instead of billionaires.