Robo-advisors ignore retirement planning
May 6, 2016 by Kristen Beckman
The robo-advisor trend generates a lot of attention. But in reality, the advisor market remains hesitant, and deployments may be lower than the hype suggests.
Howard Schneider, president of the research and consulting firm Practical Perspectives, outlined these and other trends related to robo-advisors during a session at LIMRA’s Retirement Industry Conference in Boston this week.
Schneider said the current robo-advisor market is primarily focused on accumulation and is targeted mainly at younger and smaller investors. The technology also tends to be more investment-oriented rather than planning-focused, and is not adept at considering specific needs during retirement including health care costs, estate planning and intergenerational issues.
Originally Posted at LifeHealthPro on May 5, 2016 by Kristen Beckman.
Categories: Industry Articles
