Financial Advisers Disrupted By AI (bloomberg.com)

schwit1 writes: Banks are watching wealthy clients flirt with robo-advisers, and that's one reason the lenders are racing to release their own versions of the automated investing technology this year, according to a consultant. Robo-advisers, which use computer programs to provide investment advice online, typically charge less than half the fees of traditional brokerages, which cost at least 1 percent of assets under management.

Comments

Go away ...

[AnotherBlackHat]

You have been replaced by a small shell script.

Re:And who trusts Financial "Advisors"?

[PopeRatzo]

To get really rich, you must understand the financial market. but you also need an advantage by having a special insight in the market and most importantly politics (as politics define the rules of the game).

I am reminded of the line from a W.C. Fields movie. A guy sits down to play cards with him and asks, "Is this a game of chance?"

Fields answers, "Not the way I play it."