Re:Ask the algorithm: Human wealth advisers are going out of...
by thoman23 on Wednesday September 23, 2015 @07:57PM
(#10269076)
I'll just say that when it comes to algorithmic portfolio planning, I think there will continue to be downward pressure on the fees that can be charged. Basic portfolio planning and diversification services are clearly becoming commoditized. The traditional high-touch personal wealth advisor will still provide value to their clients, and both clients and advisors will ultimately benefit from the improved technology that handles the actual portfolio management chores.
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