Robo-Advisor vs. Financial Advisor: Which is Better?

Artificial intelligence (AI) is a growing arena within the investment management industry. Robo Advisory firms are built online to provide investment guidance and portfolio management by utilizing algorithms for decision making. Although investment portfolios using computer algorithms is more accepted among a younger audience, 60% of Millennials and Gen-Xers still prefer to have a personal financial planner to manage their investment accounts, as shown in the graph below.

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