The Robo Report

Bringing Transparency to
the Evolving Robo Advisor Industry

Robo advisors are… digitally-native investment management platforms that use automated algorithms to invest money on behalf of their clients. The industry began in 2008 and has undergone a meteoric rise in growth and evolution. Robo advisors today are now responsible for over $500 billion in assets under management and are part of the suite of nearly every major financial services company.

Condor Capital was founded over 30 years ago… as a fee-only independent financial advisor. Part of Condor’s offering has been tracking and reporting on client accounts held outside of just Condor’s management. This has allowed Condor and its clients to get a complete picture of their financial situation and total investment performance. Today, Condor manages over $1.6bn in assets for over 500 households thanks to, in part, its excellence in providing transparency and reliable reporting.

The Robo Report… is our way of bringing Condor’s institutional expertise in tracking accounts to serve the modern investor. We directly invest in robo advisors, track every transaction, and provide institutional-quality reporting and commentary on their performance, risk, and portfolio allocation.

The Investing Community… The Robo Report does not generate revenue. Condor produces the report and related research as a free service to the investing community. We believe informed investors make better decisions and we are committed to providing the Robo Report to the greater investing community free of charge.

The Mission

The problem – Although robo advisors boast digital features, well-designed planning tools, and a modern, sleek user experience, they typically do not publicly publish performance. Furthermore, prospective users can struggle to aggregate and compare features, fees, and minimums – all in one place. This lack of transparency leads to less informed financial decisions.

The solution – The Research Team at Condor Capital directly invests in, tracks, and monitors over 50 robo-advisor accounts at more than 30 different providers. From there, the Condor team closely monitors trends in equity-only, bond-only, and total-portfolio performance across these accounts. The Robo Report provides a comprehensive look at these results on a quarterly basis. The data itself can also be accessed and analyzed at theroboreport.com/data.