Each day, technology continues its steady advance on a traditional advisors world. These advisors seem to be threatened on every side.
Don't take my word for it. According to a recent study by Scottrade Advisor Services, 90% of respondents believe robo-advice will impact the wealth management industry, citing things like fewer prospective clients to compressed fees and new client interaction models. In addition, these same advisors think 60% of Gen Y is very likely to use robo-advisory services.
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