Robo-advisors and human financial advisors are … advised … to collaborate and become friends, not enemies. In today’s connected society, where information about financial services and products are just a smartphone swipe away, all forms of communication between clients and advisors should be welcome to improve the client experience. Happy clients = loyal clients, and a quick Q&A chat with a robo may be all a client needs.
Unprofitable IPO companies are increasing at an alarming rate, and certain analysts interpret the data as warning signs for a repeat of the dot-com bubble. Other experts disagree and point to the tangible revenue the tech companies of today have compared to those that existed two decades ago. We hope the latter is true!