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Financial Planning versus the Robo-Advisors
Posted by David on October 31, 2014 ? Leave a Comment
It seems that every day there's another headline or article about the rise of the Robo-Advisors.
And it seems a common myth discussed in these articles is that these online investment advisory services are a growing threat to the business of personal human-provided financial advice.
What it really comes down to is what, exactly, one means by "financial advice".
In an article dated Oct 27, 2014, US News and World Report asked "Financial Advisors vs. Robo-Advisors: Which is Right for You?" and it seems that they got right to the heart of the matter quickly, quoting industry expert Michael Kitces: