WASHINGTON -- Walter Bettinger has a blunt word for the futurist sort of thinking that envisions computers rendering the human worker obsolete: insanity.

Bettinger, president and CEO of Charles Schwab, sat for a far-ranging on-stage interview here at the Investment Company Institute's general membership meeting, during which he inveighed on subjects ranging from pending industry regulations to the importance of building trust with investors, and, of course, robo advisors.

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