Are Robo-Advisors the Future? – Episode 195

Summary:

In this short episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about whether or not Robo-Advisors are taking over the industry. Apparently, the future looks bright for real financial advisors.

Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@prosperitythinkers.com and we may answer it in an upcoming episode.

Links in this Episode:

Submit your questions: welcome@prosperitythinkers.com

Show Notes:

00:00 Intro

00:31 AARP article: Should a robot manage your money?

01:29 The future looks good for advisors

03:00 Numbers vs. Philosophy

04:30 Robo-advisors= only stock market

05:43 Why have Robo-Advisors continued to gain popularity?

07:39 AARP says: Robot Advisors are democratizing financial planning

08:24 Independent RIA firms will eventually outshine Robo-Advisors

10:37 Robots cannot give people advice

11:40 What is a Robo-Advisor?

14:30 Comparing three different investment strategies

18:43 Give 90%, get 90%

19:30 AUM Model

21:43 Robots can help you invest, but not give you advice.