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

    When a Robo-Advisor is the Right Choice

    Robo-advisors provide benefits to specific types of investors with a certain set of needs.
  2. 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.
  3. Tech

    Robo & Financial Advisors: The Best of Both Worlds

    Robo-advisors and financial advisors can provide complementary benefits to many investors.
  4. Tech

    Which Robo-advisor is Best for Financial Advisors? (SCHW)

    With the list of robo-advisors already long and growing, which will integrate best into a financial advisory practice?
  5. Financial Advisor

    Advisors: Transition to Retirement With the Next Generation in Mind

    The average age of a financial advisor is 50, which means succession issues are on the horizon.
  6. Tech

    Why Robo-Advisors are a 'Win-Win' for FAs, Clients (SCHW)

    The rise of robo-advisors was seen as added competition for traditional financial advisors. Instead, they could spell a 'win-win' for everyone.
  7. Tech

    5 Robo-Advisor Predictions for 2016

    One of the fastest-growing sectors within the financial services industry, robo-advising will see many changes this year. Here's what we're likely to see.
  8. Tech

    The Millennial Guide to Choosing a Financial Advisor 

    Choosing the right financial advisor is a must for millennials who need professional guidance with managing their money.
  9. Financial Advisor

    Picking the Right Robo-Advisor: Webinar

    Robo-advisors are bringing financial advice to the masses and changing the face of the financial services industry for the long haul. But what option is best? Picking the Right Robo-Advisor will ...
  10. Tech

    Robo vs. Human Advisors: Coming Together More?

    Are investors finding more human interaction with robo-advisor services? Here's a survey of the provider landscape.
Trading Center