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 Advisors Need to Know About Gen X and Gen Y

    To remain relevant, financial advisors must understand the viewpoints of the next generations. Recent research shows that not all of them do.
  3. Tech

    Is A Robo-Advisor Right For You?

    A robo-advisor is an automated service that provides algorithm-based portfolio management.
  4. 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.
  5. 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?
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. Tech

    Advisors: The Robots are Coming and Want Your Job

    Advisors always face uncertain markets. Today, however they face technological competition and deciding when they should exit the business altogether.
Hot Definitions
  1. Covariance

    A measure of the degree to which returns on two risky assets move in tandem. A positive covariance means that asset returns ...
  2. Liquid Asset

    An asset that can be converted into cash quickly and with minimal impact to the price received. Liquid assets are generally ...
  3. Nostro Account

    A bank account held in a foreign country by a domestic bank, denominated in the currency of that country. Nostro accounts ...
  4. Retirement Planning

    Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve ...
  5. Drawdown

    The peak-to-trough decline during a specific record period of an investment, fund or commodity. A drawdown is usually quoted ...
  6. Inverse Transaction

    A transaction that can cancel out a forward contract that has the same value date.
Trading Center