Robo Advisor Trend Greatest Threat To Wealth Management Since 1990sMark Melin
Are a confluence of societal factors and technical advances set to propel the robo advisor trend even further?
There are numerous points at which financial innovation has frightened traditional mechanisms on Wall Street. In 1974 when Vanguard’s John Bogle made the first stock index fund available to retail investors, who were then paying near $90 commission on a stock trade, a closed industry opened up. A 1975 SEC ruling that prohibited securities exchanges from fixing brokerage commissions opened . . .
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