Just an interesting article:
Can robo advisers replace human financial advisers? - MarketWatch
"Investors’ preference for human advice is further evidenced by the decline of self-directed investors — those who want to handle their own portfolios and aren’t looking for advice. Since 2010, the population of self-directed investors has declined to 38% from 45%, even as the tools for monitoring and managing portfolios have steadily improved. Why is this happening? I believe that investors are using these tools to get a basic understanding of their situation and then turning to providers of professional advice once the complexity exceeds their comfort level."
Surprised by the stat that fewer folks consider themselves self-directed investors, would have thought the trend would be the other way.
Can robo advisers replace human financial advisers? - MarketWatch
"Investors’ preference for human advice is further evidenced by the decline of self-directed investors — those who want to handle their own portfolios and aren’t looking for advice. Since 2010, the population of self-directed investors has declined to 38% from 45%, even as the tools for monitoring and managing portfolios have steadily improved. Why is this happening? I believe that investors are using these tools to get a basic understanding of their situation and then turning to providers of professional advice once the complexity exceeds their comfort level."
Surprised by the stat that fewer folks consider themselves self-directed investors, would have thought the trend would be the other way.