Why financial services should be afraid of providing wealth management robo-advice

Dreadful? (Image source:

Robo-advisors are software programs that provide financial advice with minimal human intervention. Software has been advising for half a century, from portfolio management to trading strategies to currency management and more. The novelty is to offer robo-advice directly to consumers.

Robo-consulting costs less than Bricks & Mortar & Human services and will hopefully reap a bigger market. Today it is mainly …

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