I'm noticing this trend, a divide between conventional and 'modern' investment tactics. Usually when I communicate with financial advisers or wealth managers they see roboadvisers as a threat or something of a joke, like a bubble that will eventually burst. I understand that everyone is entitled to their opinion but I don't get the point of feeling threatened by automated financial advice, as if it's rise will eventually make the conventional wealth-management obsolete. Is it just a coincidence that I have interacted with the misinformed ones or there truly is a pattern? If there is, why is it so? Robos are targeting the low income earners that can't afford a human wealth manager. Also, barely anyone (of the robos) offers proper hedging, which I'm sure many conventional wealth managers specialize in, so I don't really see the competition. Or am I just not seeing it?
Submitted January 05, 2017 at 04:28AM by naelshahbaz http://ift.tt/2iGZFRT
