The Future of Financial Planning: Still More Digitization, But Humans Won’t Disappear
August 4, 2016 by Kerry Pechter, with AnnuityFYI
(EDITOR’S NOTE: Robo-advisors theoretically threaten the future of traditional advisors because their services cost less. But there is still a place for traditional firms: Adopt more technology, but keep human interaction in the picture, even, in some cases, if only to help clients better navigate a firm’s website.)The brains of financial advisors who attended the recent annual IN|VEST conference on financial technology in midtown Manhattan probably seethed with one of these emotions: a) fear of redundancy, b) excitement at the new drudgery-reducing software, or c) relief that they will retire before robos obliterate their happy world.
Not that the conference/tradeshow, arranged by SourceMedia and sponsored by an army of tech firms, was aimed at individual advisors. It seemed pointed rather at broker-dealers and other firms that employ advisors, and who would like to raise productivity by serving more investors and managing more money with fewer human advisors. Still, the advisors of the future won’t be robots.
Click HERE to view the full article via AnnuityFYI: Copyright ©2016 AFYI Holdings Group, LLC. All Rights Reserved. No part of this article may be reproduced without the express written consent of AFYI Holdings Group, LLC.
Originally Posted at AnnuityFYI on August 2016 by Kerry Pechter, with AnnuityFYI.
Categories: Industry Articles
