On June 6, 2019 Nummo reported the best 2019 year-to-date performers among some 250 robo-advisor portfolios. The report, which is an update of its 2018 annual survey, ranked the top three performers in five portfolio categories: conservative, income, balanced, growth and value.
Nummo reviewed 19 robo-advisors — those that it said were fully transparent in sharing all information — and some 250 portfolios. In generating its rankings, Nummo looked only at performance. It did not consider cost or any qualitative factors as it does in its annual survey.
The report showed that only a few firms bettered the year-to-date performance of the S&P 500 Index, which was up 14.06% as of May 17. The majority of robo-advisors in the review — including those from Charles Schwab, Betterment, SigFig, Morgan Stanley, AssetBuilder and SoFi Wealth — did not make the top three ranking in any portfolio category. In their stead, several new players elbowed their way to the top.