• Posted By s.winks@SrConsultant.com
    Thursday, August 17 2017 at 7:18 PM
    Digitization makes anything code driven commercially viable at very low cost. Alexa makes most portfolio metrics very inexpensive but does not explain what actions a client should do accordingly, thus the value of the advisor. The stakes are rising for the broker's ability to render advice precisely when the brokerage/insurance industry is fighting the fiduciary duty of brokers which is counter to the best interests of the investing public. The market place (Alexa) has the answers if you listen.
  • Posted By R. grambeau
    Wednesday, August 16 2017 at 6:45 PM
    'Do advisors have to think about this becoming a bridge for Amazon...' ? Famous Last words: "They want to serve the financial services industry, yes. That doesn't mean they want to enter it as a competitor. When you are trying to reinvent space travel, who cares about retail banking?"
  • Posted By FCB@NTRS.COM
    Wednesday, August 16 2017 at 12:19 PM
    So Alexa is not subject to the DOL fiduciary rule?