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Notices
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Matthew (not verified)
4th December 2017 | 2:26am

So how many people said "Yes" in response to the question: "How many would advise your children to become a financial advisor?".

I see big corporations doing the bulk of robo into the future. Advisors will be more like coaches and less like technical experts. What the value proposition is worth, I couldn't tell you. Personally, and maybe this is just me, but I will never pay somebody to coach me financially. I've got a finance degree, have considered becoming a financial advisor (actually I'm almost qualified now but am thinking about doing a masters in IT to be on the other side of this AI deluge), and have worked in wealth management for a bit so that's why I'd say I'm biased. Plus members of my family have been stung by financial advisors. This wasn't even that long ago. But, at the end of the day, if you're stupid enough to take someone's advice without doing the due diligence and you sign your life away, who's to blame? Maybe robo will make these problems worse or make them better I don't know. I suspect a lot of this work will be handled by complaints departments in corporations that offer robo instead of clients shouting down the phone at their human financial advisors. Just another reason for people to hate corporations.