Robo - Advisors: Are They Really The Future of Investing?
No one would argue that AI is not doing miraculous things in all areas of our modern lives. We see an elimination of errors, lengthy monotonous tasks are often completed at record speed and with great efficiency. Still, they are missing one thing - the human element. Sure, Robo-Advisors have become very good at some of the basic aspects of portfolio management, but they lack a certain amount of foresight. They cannot wholly comprehend the variables, personalities, or complexity of a clients' entire financial situation. Today on ThinkSmart, we discuss both the pro and cons of Robo-Advisors.