Investopedia, a privately owned for-profit American website that focuses much of its content on investing education and financial news, recently conducted a survey that concluded that investors using digital advisors are nearly as happy as those who work with traditional advisors. However, most respondents indicated that there are certain services that warrant human help.
The development of robo-advisors has coincided with an extended period of excellent investment returns. In that regard, it might be helpful to note that sports fans do not seek to replace the coach/manager when the team is winning.
All comments and suggestions are welcome.
Walter J. Kirchberger, CFA®