The robots are coming, and that is a good thing for the future of advice

The robots are coming, and that is a good thing for the future of advice

Tue, 05/09/2017

In an article for MarketWatch, Dr. Joseph F. Coughlin writes about how the proper integration of "robo advising" technology will not make financial advisors obsolete, but will allow them to elevate their profession toward helping to visualize their clients' retirement goals. He writes:

"Robo advisers are not a threat to financial advisers, but rather valuable tools that will lead to the transformation of the business of financial advice. Artificial intelligence will provide advisers with more time to focus on the client -- not just the client’s portfolio. It is hard to “get me” if you can’t spend time talking to me about how I am going to live and use my money in retirement."

Read the article here.

 

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