Next video:
Loading the player...

The financial advisory business is facing an impending transformational change.

Gen X is now poised to become the US’ wealthiest demographic once boomers and their parents pass on an estimated 24 trillion dollars.

This means the younger, soon-to-be wealthiest Americans will need financial advisors, and they're much more likely to seek that help from algorithm-based robo-advisors than humans.

What does that mean for the financial advice market?

 

Related Articles
  1. Tech

    How Advisors Can Thrive Despite Robo-Advisors

    In the age of robo-advisors here's how human advisors need to step up their game in order to thrive.
  2. Tech

    What's Next for the Robo-Advisor Market?

    The robo-advisor phenomenon has transformed the way the financial services industry is doing business. Here's what to expect for the robo-landscape.
  3. Tech

    Is A Robo-Advisor Right For You?

    A robo-advisor is an automated service that provides algorithm-based portfolio management.
  4. Tech

    How Human Advisors Can Compete with Robo-Advisors

    Robo-advisors and traditional financial advisory firms both have a place in the market. Here's how traditional advisors can stand out and compete.
  5. Financial Advisor

    How Advisors Can Plan for Next Generation Clients

    Traditional financial advisors have an age bias when it comes to younger clients. Here's how and why to turn that outlook around.
  6. Tech

    Pros & Cons of Using a Robo-Advisor

    Robo-advisors come in all shapes and sizes. This article goes through the pros and cons of this new approach to financial advisory services.
  7. Tech

    Advisors: Don't Mix Robo and Traditional Services

    Here's why it makes sense for financial advisors to offer traditional and robo-advisor services separately.
  8. Financial Advisor

    How to Leverage Millennial Wealth

    Take these steps and you'll be first in line when young investors start looking for professional financial services help.
  9. Financial Advisor

    Why Advisors Should Embrace Digital Investing Tools

    Instead of seeing robo-advisors as a threat, traditional financial advisors should embrace them.
  10. Tech

    Robo & Financial Advisors: The Best of Both Worlds

    Robo-advisors and financial advisors can provide complementary benefits to many investors.
Hot Definitions
  1. Dividend Yield

    A financial ratio that shows how much a company pays out in dividends each year relative to its share price.
  2. Fixed-Income Security

    An investment that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity. ...
  3. Free Cash Flow - FCF

    A measure of financial performance calculated as operating cash flow minus capital expenditures. Free cash flow (FCF) represents ...
  4. Leverage Ratio

    Any ratio used to calculate the financial leverage of a company to get an idea of the company's methods of financing or to ...
  5. Two And Twenty

    A type of compensation structure that hedge fund managers typically employ in which part of compensation is performance based. ...
  6. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying ...
Trading Center