How Technology Is Changing Financial Advice
By Irene Huhulea
In addition to changing the way financial services are carried out, digital advancements are also changing the fee structures associated with certain services. So what will that look like over the next 10 or 20 years? “It’s going to seem like a lot of progress because it’s mostly about infrastructure changes and costs coming down,” says Dan Egan, managing director of Behavioral Finance & Investing at Betterment. “That trend has been going on for a long time and consumers are going to continue to see it in terms of zero-cost brokerages, no trade commissions and zero-cost investing,” he explains, emphasizing that those types of cost reductions are here to stay.
This article originally published October 24th, 2019 on Investopedia