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.
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