BigDataFr recommends: Future of Digital Financial Advice.

[…] Introduction
 
The world of financial advice is undergoing rapid change. Advances in analytics and machine learning have contributed to the rise of digital financial advisors (or « robo advisors »), with assets estimated by one observer to grow to nearly $500 billion by 2020 -an increase of 2500% from 2015.
Meanwhile, with the Department of Labor’s fiduciary rule putting nearly $17 billion of advisory fees in the crosshairs, economic and regulatory uncertainty persist. Amid this backdrop is also an expected wealth transfer of nearly $30 trillion from baby boomers to millennials over the next several decades which will exacerbate the need for financial advice that caters to a tech-savvy generation. These variables, along with other external factors, combine to cast a fog of uncertainty over how the landscape of digital financial advice might evolve over the next five years. […]

Read paper
By Jarrad L. Roeder (Engagement Lead – Heidrick & Struggles), and Matthew Acconciamessa (Consultant – Heidrick & Struggles)
Source: centerforfinancialplanning.org