Money management has long been a luxury available only to the selected few with huge assets to invest. The digital age, as it tends to do, has upended that.
Many financial advisors are seeing their profit margins steadily shrink in the wake of increased pricing competition from robo-advisors and rising compliance costs that have been exacerbated by the fiduciary rule. This margin squeeze is being felt at all levels of the industry, from solo practitioners to pension and mutual fund managers, and all indications point to […]
What is Robo-advisors? Robo advisors are automated investment platforms that use algorithms to manage and allocate investor’s funds. These services analyse each customer’s current financial status, risk aversion, and goals. From here, they recommend the best portfolio of stocks available based on that data.