Recent study published in Financial Advisor IQ finds significant growth among RIAs.
In a recent Advisor Perspectives article, Bob Veres looks at how robos are changing the discussion around fees and commissions.
Barron’s latest article on ‘estate planning challenges’ uses topline statistics from Jefferson National’s recent Advisor Authority survey to help explain how technology is changing the nature of financial advice. According to the survey, 19% of financial advisors use robo-advice to automate menial tasks like rebalancing portfolios which, in turn, frees up time and allows the advisor to tackle more complicated advising issues.
Jefferson National’s Advisor Authority survey findings show RIAs are positive about the future of their business.
Jefferson National’s survey dispels the belief that advisers are only offering robo-advice to younger investors. The reality is, RIAs and fee-based financial advisers are using the technology for older and wealthier clients.
According to an article posted by InvestmentNews, “over the next 30 years, an epic $30 trillion will be passed down from baby boomers to Generation X to millennials.” However, surprising reports from a Corporate Insight survey suggest that only 20% of advisors are targeting these younger family members of their clients, putting themselves at high risk of losing their hard-earned assets and threatening the reputation of their business.