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

    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.
  2. Tech

    Robo-Advisors and a Human Touch: Better Together?

    Combining the services of traditional advisors and robo-advisors can offer the best of both worlds. But where does one start and how does that work?
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. Financial Advisor

    Why Advisors Should Embrace Digital Investing Tools

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

    Robo & Financial Advisors: The Best of Both Worlds

    Robo-advisors and financial advisors can provide complementary benefits to many investors.
  9. 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.
  10. 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.
Hot Definitions
  1. Money Market

    The money market is a segment of the financial market in which financial instruments with high liquidity and very short maturities ...
  2. Perfect Competition

    Pure or perfect competition is a theoretical market structure in which a number of criteria such as perfect information and ...
  3. Compound Interest

    Compound Interest is interest calculated on the initial principal and also on the accumulated interest of previous periods ...
  4. Income Statement

    A financial statement that measures a company's financial performance over a specific accounting period. Financial performance ...
  5. Leverage Ratio

    A leverage ratio is any one of several financial measurements that look at how much capital comes in the form of debt, or ...
  6. Annuity

    An annuity is a financial product that pays out a fixed stream of payments to an individual, primarily used as an income ...
Trading Center