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
