Trillions are at stake in the retirement wars, and Vise nets $14.5M from Sequoia to manage it – TechCrunch

The retirement wars are heating up. As millions of baby boomers leave their jobs in the coming years and transition into retirement, there is a huge competition for who will manage their savings. On one hand are traditional wealth managers, firms like Edward Jones, who either employ full-time human financial advisors or empower independent contractors to help clients plan through their finances. On the other side has been the rise of "roboadvisors" like Wealthfront that use algorithms and simple financial products like ETFs to advise people at lower cost. VCs have been bullish on roboadvisors -- startups like Wealthfront and Personal Capital have each raised more than $200 million according to Crunchbase -- but there has been less investment activity trying to help the financial advisors themselves.