Financial advisers now see robo-advice as a complementary tool to their business, according to a report from FPSB. The report showed that compared to 2015, when advisers saw automated advisory tools as a threat, planners now believe fintech tools can help to increase practice efficiencies, raise cost-effectiveness levels and serve a younger clientele with fewer investment-worthy assets.
Financial advisers now see robo-advice as a complementary tool to their business, according to a report from the Financial Planning Standards Board. The report showed that compared to 2015, when advisers saw automated advisory tools as a threat, planners now believe fintech tools can help to increase practice efficiencies, raise cost-effectiveness levels and serve a younger clientele with fewer investment-worthy assets.