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Brains, Bots or Both? Finding a Financial Adviser
Old 01-06-2015, 05:07 AM   #1
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Brains, Bots or Both? Finding a Financial Adviser

How to Find a Financial Adviser - WSJ

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Who should be putting together your portfolio in 2015—a person, a machine or both?

It used to be a straightforward job to get help making investments: People sought out financial advisers and weighed them based on the type of fees they charged and how much hand-holding they provided clients.

Now the choice has become more complicated thanks to “robo advisers,” or online services that suggest custom portfolios based on algorithms. There are also mixtures of old and new, with some traditional advisers beginning to offer computerized portfolio tools.
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Old 01-06-2015, 07:58 AM   #2
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I had a robot FA. He became much more useful when I reprogrammed him as a vacuum cleaner.
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Old 01-06-2015, 10:57 AM   #3
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The main value of a FA is to keep you from doing stupid things (selling after decline). If you won't do stupid things, you don't need an FA.

I doubt robots will be able to effectively "hand-hold", and don't see the value of whatever fee they may charge if all they do is set up an AA.


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