Financial Advisors Believe Their Days are Numbered

According to a new survey by Greenwich Associates 43 percent of financial advisors believe there will be fewer advisors in the next five years and most blame robo advisors for the trend; clients on the other hand have become more trusting of advisors who just fintech tools according to the same survey; “Put another way, financial advisers expect technology to take their jobs, but clients expect technology to make their financial advisers better,” said Brad Tingley, a Market Structure and Technology Analyst at Greenwich Associates, in the report according to Business Insider. “The reality is somewhere in between.”; some of the larger wealth managers are trying to lure younger tech savvy talent to better understand how to use new tools and potentially gear products to the next generation of clients. Business Insider

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