Article By:
Austin Lins
Technology is constantly changing; this is true in every industry -financial services is no different. Today, I am going to be talking about Robo- Advisors vs Registered Investment Advisors (RIA). If you have not saw the advertisements for robo-advisors (robo) or do not know what they are, Investopedia defines a robo-advisor as “digital platforms that provide automated, algorithm-driven financial planning services with little to no human supervision” (Investopedia.com). These robo-advisors take “some” of your information and allow you to invest based on the parameters you set; this sounds like part of my job. So, you may ask what is the difference and, how can I compete with this technology?
