January 14, 2016
BBVA Compass and FutureAdvisor are forging an alliance to bring investment management services to a greater slice of the bank's clients through digital means, making the Sunbelt-based financial institution the first major bank to sign on with FutureAdvisor after the San Francisco firm's milestone year in which it combined forces with leading asset-management firm BlackRock.
BBVA Compass clients will be able to use the award-winning firm's automated investment services later in 2016. The bank sees the alliance as a way to make sophisticated tools and guidance available to its digital-savvy clients who aren't currently taking advantage of its investment services. The alliance demonstrates BBVA Compass' willingness to align with innovators regarded by some as industry disruptors.