In|Vest Insights

Commentary: No human, no matter how sophisticated, can operate as consistently, quickly or as efficiently as the technology powering an automated investing service.

A new, free app from T. Rowe Price gives advisors key market intelligence in a modern, scalable and user-friendly way.

"Make no doubt about it, we are not near a recession," says LPL chief investment officer Burt White.

One goal is to fully automate LPL's roughly 20 million pages it uses each year and eliminate the experience of working in an office over-filled with files.

Almost all robo advisors were founded in 2009 or later and they have never seen a meaningful downturn in the financial markets. This is a major issue.

The algorithms, which can speed up financial processes by making millions of calculations faster than any human ever could, are not infallible.

“The changes we announced today makes the [robo] cost issue go away,” LPL Chairman and CEO Mark Casady tells Financial Planning.

Suggesting that the financial advice industry has evolved into robos, says former SEC Commissioner Steve Wallman, "is like saying the oceans have evolved into swimming pools."

The biggest financial firms simply have too many financial resources and technology know-how to allow upstarts to undermine what has become a core business and earnings stream.

By simplifying investments as much as possible, Acorns appeals to millennials who want to invest.