The Money Mustache Community
Learning, Sharing, and Teaching => Investor Alley => Topic started by: milesdividendmd on June 17, 2014, 06:06:34 PM
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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/ (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