Insights | 01.16.22
Robo-Advisors Are Growing in Popularity. Can They Really Replace a Human Financial Advisor?
Robo-advisors tend to be especially well-suited to newer investors who haven’t yet built much wealth and who would like to outsource money management to a professional for a reasonably low cost, according to industry experts. While digital services do a good job of automating important investment functions, human advisors lament the relative inability of algorithmic programs to talk clients through situations on demand. Those may include the reasoning behind a specific strategy recommendation or handholding in daunting times like job loss or a cratering stock market.
Read the full article on CNBC.com