But the rise of automated advice services also carries operational and implementation risks
Far from replacing interaction with real people, technology strengthens the financial advisor’s client service
Increased life expectancy and a fast grow senior population were key motivators for adding RRIFs to the robo-advisor service
The robo-advisor says an invitation-only trial version of its service will be tested this summer in the U.K.
The country’s current securities laws, which were passed before the advent of robo-advisors, require that only a “natural person” can give advice
However, retail investors should also be aware of the services’ weaknesses, cautions a European consumer advocacy group
As new research shows robo-advisors are gaining traction among clients, advisors should find ways to use these tools as well as provide the unique services that set them apart
Credential and National Bank have signed agreements to use Nest Wealth’s robo-advisor platform
Talking to clients with no jargon, acronyms, in a simple style and over text messaging can go a long way, Wealthsimple executive suggests
The panel discussion was recorded at the 2016 IIROC compliance conference in Toronto