The future of robo-advisors

Imperial Capital
sg02

Imperial Capital

sg02
May 11, 2020 8 Comments

Do you think automation will take market share from retail financial advisors / investment managers?

It’s already started with apps like Wealthfront, but how much do you envision it taking over the role of a traditional wealth manager?

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TOP 8 Comments
  • Agree that some of the business will move towards it; however, you have to be pretty financially savvy to trust yourself and the platform. Many customers that financial advisors work with are not financially literate and don't trust themselves to even allocate money correctly on a wealth platform. This is why FAs will never go away.
    May 12, 2020 1
  • I think it’s rising actually - I have betterment and love it
    May 12, 2020 1
    • Imperial Capital
      sg02

      Imperial Capital

      sg02
      OP
      I totally agree
      May 12, 2020
  • EY
    xauusd

    Go to company page EY

    xauusd
    I believe we are going to use robo-advisors more often, and I expect we will see less traditional wealth managers. Wealth managers in the future will rather manage robo-advisors and programming and statistical skills will be required.
    May 11, 2020 1
    • Imperial Capital
      sg02

      Imperial Capital

      sg02
      OP
      I could see this becoming a reality
      May 12, 2020
  • New
    BigElbow

    New

    BigElbow
    100%
    May 12, 2020 0
  • New
    1kpn82

    New

    1kpn82
    Definitely take away market share from the back office financial advisors
    May 12, 2020 0