1、The Robo ReportBringing Transparency to Robo InvestingEdition 27|1Q 2023David Goldstone,CFAManager,Investment ResearchThomas Leahy,CFAFinancial AdvisorKristopher Jones,CFAFinancial AnalystKen Schapiro,MBA,CFAChief Executive Officer2The Robo Report Future Advisor sells its direct-to-consumer business

2、 to Ritholtz Wealth Management.Betterment reaches settlement with SEC,in part related to tax-loss harvesting software.Fidelity Go took the top spot 1-year perfor-mance thanks to,in part,a notable mega-cap and large-cap bias.Schwab portfolios held modest exposures to TIPs and high-yield corporates,wh

3、ich significant-ly outperformed their traditional investment-grade counterparts.Wealthfront(2016 Vintage),Zacks,and Fidel-ity Go accounts were the top three performers versus their Normalized Benchmark for the 5-year period.HighlightsWelcome to The Robo ReportCondor Capital Wealth Management is prou

4、d to publish the 27th edition of the Robo Report,covering the first quarter of 2023.This Report is a continuation of an ongoing study that monitors well-known robo advisors.We strive to provide a reliable resource for both investors and professionals interested in the digital advice industry.3The Ro

5、bo ReportContents4 Executive Summary5 Top Performers6 Performance Commentary9 Total Portfolio Performance10 Terms of Use and DisclosuresAll supporting data can be found online at TablesTotal Portfolio ReturnsEquity&Fixed Income ReturnsFees,Minimums,and AllocationsRisk StatisticsNormalized Benchmarks

6、International AllocationDisclosures4The Robo ReportExecutive SummaryThis edition of theRobo Report,published by Condor Capital Wealth Management,tracks 42 accounts at 27 different providers.TheRobo Reportcontinues to evolve,and this quarter,we bring you our usual data,which can be found online well