Financial advisors surveyed for Investment Executive's 2016 Report Card series don't consider the emergence of robo-advisors anything to fret about
Scalability is a huge issue for robo-advisors
Focus is on small businesses’ pensions
Fidelity Go is targeted at investors with a minimum of US$5,000 in investible assets
The robo-advisor says costs will be lower than other group plans and individual employees will have dedicated advisors
Although banking clients said they prefer the benefits of receiving automated advice, most will continue to need some form of personal advice
Advisors can show their worth during volatile markets, and with complex financial planning needs
Embrace technology, and make sure your clients understand your value
Although Responsive’s services have higher fees than other robo-advisors, these will be justified when markets take a downward turn, says the firm’s CEO
Advisors who develop such partnerships could find efficiency and scale in their businesses, which could help improve overall productivity