reliance Financial , the largest group of independent financial advisors in the world , is working with 20 financial advisors on a robo - adviser platform . It plans to launch a pilot platform , offering low cost ETF"s , in the next few months and will employ a third party for its technology interface . LPL"s president , Dan Arnold , said that the firm thinks the robo - adviser will ultimately gain a decent share of the market , but will not replace the financial adviser .
LPL Financial, the largest group of independent financial advisers in the US, is working with 20 financial advisers on a robo-adviser platform. It plans to launch a pilot program, offering low cost ETF"s, in the next few months and will use a third party for its technology interface. LPL"s president, Dan Arnold, said that the firm thinks the robo-adviser will ultimately gain a decent share of the market, but will not replace the financial adviser.