Can incumbent financial services firms avoid disruption by new entrants?
Wealth Management
Robo Advisors and the business of automated advice
Roby advisory (“robos”), are low-cost automated investment platforms that utilizes mathematical algorithms to support investment decisions and create diversified financial portfolios. Analysts predict that by 2020 broadly defined robo advisory services are expected to manage between $2.2 to $3.7 trillion in assets. Can they replace a human Financial Advisor and become the main stream asset allocation solution?
Betterment: fintech finds a place among wealth managers
A leading independent robo-advisor demonstrates how technology can help democratize personal wealth management.