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A comment on The Rich Are Already Using Robo-Advisers, and That Scares Banks. Parent comment

Re:The Rich Are Already Using Robo-Advisers, and That Scares... by ars on Monday February 08, 2016 @02:18AM (#11056776)
Then maybe charge a fee on profit, not on asset under management.
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Re:The Rich Are Already Using Robo-Advisers, and That Scares... by prostoalex on Monday February 08, 2016 @02:31AM (#11056807)
This creates an incentive to severely ramp up the portfolio risk in the hopes of striking it big. Sure, almost all client portfolios will go broke, but the winning one will pay off for the losers.

Such wealth management firm would have an issue surviving past year 1.

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