geno149

I see what you're saying. Agreed, there are barriers to entry and the market is competitive.

I think one place we haven't been clear yet is what wealthbot.io does. He doesn't actually generate recommendations on position allocations. He is a platform for advisors to set up their own risk questionnaire and tie that risk questionnaire to a portfolio of the advisors creation.

Questionnaire shows risk rating = 20? Assign portfolio with risk rating = 20

It's up to the advisor to create a risk profile questionnaire and the portfolios.

Otherwise, I think we're on the same page. This is a tough regulatory market and there are a lot of (confusing) options out there for advisors.

And the actual data is here - https://github.com/wealthbot-io/wealthbot/tree/master/src/We...

Here's some more info on working with Symfony's fixtures bundle - http://symfony.com/doc/current/bundles/DoctrineFixturesBundl...

Mike, these are great ideas, we definitely want to make it easier for users to setup their own account.

Just so you know, our roadmap is public - https://trello.com/b/klhsT5Xj/wealthbot-io-roadmap-and-ideas

and you can suggest new feature ideas here - https://trello.com/b/klhsT5Xj/wealthbot-io-roadmap-and-ideas

Thanks!

So, betterment (for example) offers something called betterment institutional where the advisor has to pay that same .1-.3% of AUM to provide those services to her clients.

This ends up costing the advisor hundreds of thousands of dollars every year.

Or an advisor could pay someone like (future) you, who's familiar with Vagrant and knows the wealthbot platform inside-out, to implement wealthbot.io at her firm for a 1 time fee.

Seems like an easy choice :)

Are you saying all software used by RIAs has do be vetted and audited by FINRA or a CRCP? I don't believe this to be true.

We don't offer advice, only code.

Could you point me to a few custodians or broker/dealers that provide portfolio management & rebalancing software for free? We haven't found any, but def don't have the same experience as you, so maybe we're just missing something.

I like the cut of your jib! Let me know if you have any questions once you decide to give it a go.

Yes, I'll be the first to admit our documentation needs some work.

How about screencapture gifs? Example: http://i.imgur.com/DsZx51m.gif

As far as the Symfony upgrade, great minds think alike: https://github.com/wealthbot-io/wealthbot/tree/feature/symfo...

I agree with you - that wording is unfortunate.

That being said, better to think of the risk profile questions in the demo as "dummy data". And it's pretty easy to change.

Go to Advisor -> Proposals -> Edit and update the questions. Here's a gif - http://i.imgur.com/DsZx51m.gif

What's even cooler, thought, is that this "dummy data" is loaded with fixtures. Meaning we can update it and next time you or I install wealthbot.io, no more poorly worded question! Another gif - http://i.imgur.com/1QATMeC.gif

Finally, a quick note on robo advisors. These are great services, wealthbot.io doesn't compete with them. That being said, there is no such thing as a free lunch. Be weary of Schwab's portfolio suggestions, as the CEO of Wealthfront mentions in this article - https://medium.com/@adamnash/broken-values-bottom-lines-3d55...

The install process in the readme is recommended for your local development environment, not prod.

I'll be the first to admit our documentation needs more work. If you have any questions about installation you can email me - gene [at] wealthbot.io

Yay, thanks for that! Fixed. That's been so annoying.

You could use it to track the performance and to rebalance your own portfolio.

Here's some background on rebalancing: http://www.bogleheads.org/wiki/Rebalancing

Btw, I highly recommend Bogleheads.com if you want to learn more about personal portfolio management.

None actually. Haven't gotten around to troubleshooting linguist yet - https://github.com/github/linguist#troubleshooting