01/12/2018
For first time funds, the fee is typically higher at 2.5 percent, and it applies to the whole committed capital.
01/11/2018
The report further indicates that the increase of more interested parties will urge total assets under management by robo-advisors upwards to $4.1 trillion in 2022, from an estimated $330 billion in 2017.
01/07/2018
Most of the affected businesses operate in the hospitality sector, according to the announcement, and they will remain closed for up to eight months, depending on the severity of the violations.