U.S. Bancorp is proposing to tie up with FutureAdvisor to offer online financial advice to its high network customers. The bank said its wealth-management unit will use FutureAdvisor’s technology to deliver the bank’s investing capabilities to its clients. FutureAdvisor offers robo advisory services. It is now part of BlackRock, the world’s largest money manager. As part of the arrangement, investment portfolios will be designed by U.S. Bancorp Investments using cost-effective funds. The automated investment services will be accessible for U.S. Bancorp Investments accounts enrolled by the usbank.com and the U.S. Bank mobile banking app.
