The rapid evolution of robo technology may be adding new pressures to traditional brokerage firms, but at least one executive of a leading digital firm sees a future for established players.
"If this is a $20 trillion industry, I'm pretty sure that in ten years when robos manage $10 trillion, then $9 trillion will still be in the hands of traditional financial services firms," Mike Sha, CEO of technology developer SigFig, said.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access