Author Topic: Financial Advisors on Robo-Advisors: Dismissive.  (Read 1202 times)

milesdividendmd

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Financial Advisors on Robo-Advisors: Dismissive.
« on: June 17, 2014, 06:06:34 PM »
Talk about serving up a softball to your debating partners....

It's no secret that I think that Robo-advisors like Betterment/Wealthfront are well priced services for low information investors who just want to "set it and forget it." 

Many disagree with this point of view, and I understand (and even agree with) their main mustachian criticism: 

"Why pay for something that you can do yourself?"

I read this article today (http://abnormalreturns.com/finance-blogger-wisdom-future-robo-advisors/) and found it quite interesting for 2 main reasons:

1.  On the whole these financial advisers are pretty bearish on the financial prospects and the value added by the robo-advisory firms.
2.  Human financial Advisors are pretty convinced of the real value of Human Financial advisors.  Who could have predicted?

Enjoy,

AZ
« Last Edit: June 17, 2014, 10:22:52 PM by milesdividendmd »