The AI Trying to Replace Your Financial Advisor with Fahad Hassan and David Cusatis

Range is scaling a flat-fee, AI-agent-driven wealth manager past $1B AUM by undercutting the 1% AUM industry standard by ~90%.

• $1B+ AUM milestone: Range crossed $1 billion in actively managed assets this summer and says it's tracking toward $1.5 billion, with roughly 5,000 clients and 35 advisor/product-manager staff.
• Flat-fee model vs. 1% AUM: Range charges $3,000/year flat versus the industry-standard 1% AUM fee, claiming it's roughly 90% cheaper than incumbents like Schwab, Vanguard, or Mariner.

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