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

Re:And who trusts Financial "Advisors"?

[Thelasko]

And who trusts Financial "Advisors" - regardless of if they are human or AI?

I trust Bogleheads. Financial advisers are really just salesmen.