Digital revolution has only just begun believes Betterment
By Elliot Smither
Robo-advisers have exploded onto the wealth management scene in recent years, but remain in their infancy, believes Jon Stein, founder and CEO of Betterment, one of the largest players in this arena.
“I think there has been a general lack of imagination about how far technology can go to deliver better financial advice,” he explains. He points to the early days of Amazon, when it offered access to a relatively limited range of bestselling books, and compares that to the giant it has evolved into. “These are very early days for automated investing and there will be a lot more to see as these platforms evolve.”