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Financial Planning

Who will write the wealth industry’s future: Big banks or robo advisors?

By Andrew Welsch

Wall Street’s biggest players keep rolling out new robo advisors — but they’re still playing catch-up, according to one of the original digital advice leaders.

“The future will not be written by the large incumbents,” says Betterment CEO Jon Stein, pointing to what he sees as the nimbler nature of the advisory industry’s smaller players relative to their larger traditional rivals.

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This article originally published July 16th, 2019 on Financial Planning