robo-advisor

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.


*The foregoing content reflects the author's personal opinions which may not coincide with the opinions of the firm, and are subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that these statements, opinions, or forecasts provided herein will prove to be correct. Past performance is not a guarantee of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. All investing involves risk. Asset allocation and diversification does not ensure a profit or protect against a loss. Finally, please understand that–as with other social media–if you leave a comment, it will be made public.