Gwen Garrison interviewed for US News article on Financial Advisors
The following article is excerpted from a US News article that appeared August 26, 2020.
How Robo Platforms Transform Traditional Advisory Business
By Kate Stalter, Contributor
Robo platforms free up traditional advisors to provide more service
FINANCIAL ADVISORS ARE increasingly turning to robo advisors, technology platforms that no so long ago were viewed as fierce competition.
Robo Platforms Free Up Advisors
In response to the growth of robo advisors, traditional advisors ramped up their planning capabilities and emphasized their personal touch and ability to address any complex situations a client may have.
While those remain key points of differentiation, it turns out that robo platforms actually free up traditional advisors to provide more service. The robo firms offer special platforms just for financial advisors to hold client accounts. The robos handle rebalancing, as well as performance reporting and billing, allowing advisors and planners to focus on big-picture planning topics with clients….
“To continue to grow, the financial planning industry will need to evolve and service clients who may have traditionally felt left out of the conversation,” says Kevin Smith, vice president of Wealthspire Advisors, based in New York. ….
See full article here
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