SmartDeposit pulls funds from client’s account based on a predetermined minimum balance and automatically invests in ETFs
The number in a bank account may not be the whole story, either, said Matt Lynch, managing partner at Strategy & Resources, a consulting firm in Dayton, Ohio.
“I may have more money in my account [than anticipated] — maybe I received a bonus or a birthday gift that I had plans for,” Mr. Lynch said. “I don’t know if I would want to put that on an adjustable auto-pilot [investment] with a robo-adviser. Maybe there’s more to it.”
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Betterment Encourages Investing Excess Cash With New Automatic Feature
by Alessandra Malito, Investment News, July 14, 2015