Capco: Accelerating the Transition to Digital Advice
Posted: 2 August 2017 | Source: Capco
For decades, momentum towards a shift in wealth management has been building with mounting regulations, cost pressures and rising client expectations, yet methods for providing financial advice have remained conspicuously unchanged. The collision course between traditional human advisors and digital robo advisors has been set, the firms will experience the greatest success as wealth management gravitates towards the new center, the hybrid advisor model.
Hybrid models blend many of the advances robo advisor has made with the personal experiences provided by traditional financial advisors, enabling advisors to provide different solutions for clients at each step along their financial journey.