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Advisors
Register now to manage accounts, create MAx Models and get access to our Knowledge Bank.

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Create Account to manage your assets on the Jefferson National Account Management website.

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Advisors
Register now to manage accounts, create MAx Models and get access to our Knowledge Bank.

Account Holders
Create Account to manage your assets on the Jefferson National Account Management website.

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Advisors
Register now to manage accounts, create MAx Models and get access to our Knowledge Bank.

Account Holders
Create Account to manage your assets on the Jefferson National Account Management website.

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November 23, 2015

International Adviser: Are The Robots Taking Over?

 

International Adviser features Jefferson National CEO, Mitch Caplan, in an article that examines the use of innovative technologies. Author Angela Gregory notes, keeping up with the pace of technological change in the workplace is a challenge—and many advisors wonder whether embracing this change will eventually make them obsolete.

Caplan states, “While there is no replacement for the value of holistic guided advice, our research demonstrates that this new generation of digital advisory solutions can be incorporated into a successful advisor’s practice to create greater efficiencies—and create more value for their clients. The most successful advisors understand that rather than a threat, robo-advisers are in fact an important part of a comprehensive offering.”

Furthermore, recent results from Jefferson National’s Advisor Authority study show that robo reality is starkly different from the general perceptions. Over 50% of early adopters use robo for clients with more than $1 million in assets and 49% use robos for Boomers – despite expectations that it fits best for younger, less affluent advisors.

Other financial professionals are also optimistic about this tech revolution as Kenny Landgraf of Kenjol Capital Management notes that robo-advice “can complement your practice. But it’s no replacement for holistic financial advice.”

To conclude, the message of the report is clear: embracing the technological change and building it into a working practice is crucial in order to progress.

Should advisors see this technological revolution as a threat or an opportunity? To find out more, read the full article here