How Robo-Advisor Technology Is Reshaping and Commoditizing Investment Advice
Aug 28, 2014
By Michael Kitces, MSFS, MTAX, CFP, CLU, ChFC
The passive 1% AUM advisor may go the way of the "stockbroker" as technology threatens the profitability of existing business models. Can you compete against a robo-advisor's 25 bps portfolio? Sure you can. But you will need to revamp your value-add beyond just asset allocation advice.