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 the door to the discount broker and a host of firms, many using the Internet as a customer portal, found new opportunity. Old school stock brokers…
Robo Advisor Trend Greatest Threat To Wealth Management Since 1990s
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.