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Kitces.com

#FASuccess Ep 051: What Robo-Advisors Can Teach Human Advisors About Evidence-Based Behavioral Finance with Dan Egan

By Michael Kitces

My guest on today’s podcast is Dan Egan. Dan is the Director of Behavioral Finance and Investments at Betterment, the so-called “robo-advisor” that now manages more than $12 billion of assets under management for over 300,000 clients.

What’s fascinating about Dan, though, is not simply that he was an early employee and Director at Betterment as the company as grown, but specifically his role as the Director of Behavioral Finance at a robo-advisor. In a time when the primary criticism that financial advisors levy at robo-advisors is their supposed inability to help clients with their behavioral issues when it comes to investing.

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This article originally published December 19th, 2017 on Kitces.com.