Robo advisors

The firm's digital advice service, to be piloted in early 2017, is a bid to give RIAs unprecedented scale.

They seem to be everywhere, but there is every reason to believe that clients overwhelmingly still want to deal with human beings.

Six changes planners should make to their business models as investors seek lower fees and digital advice grows.

The wealth management firm says its digital advice offering is designed for "the sophisticated high-net-worth investor."

Changing the business model for younger clients starts with innovative technology and digital solutions combined with holistic, unbiased, guided advice.

Digital advice clients "have affirmatively chosen not to enroll in comprehensive financial planning," according to a newly published white paper.

Female-focused wealth management platforms can plug into a shift in attitudes and politics, analysts say.

“It will help them cope with some of the new burdens that the fiduciary requirement will impose on firms,” an industry analyst says.

Automated investing platforms are making it tougher to charge for some financial advice, says Tiburon Strategic Advisors.

"We're moving to a subscription economy," says Motif CEO Hardeep Walia. "There are subscriptions for almost anything — music services, health care — why not investing?"