Financial Advisors vs. Robo-Advisors: Which is Right for You?
By Kate Stalter
One recurring theme of the 21st century has been the ascendance of automation technologies that replace human workers. For example, the travel industry has changed dramatically in the past 15 years, as people bypass a local agent and head for Expedia, Orbitz or Priceline.
The financial services industry is also in the throes of a transformation. The baby boom generation is retiring en masse, registered investment advisors are replacing traditional stock brokers, regulatory scrutiny is on the rise and so-called “robo-advisors” are offering investment management outside the confines of a traditional financial advisor’s office.