Does the Investment Performance of Robo Advisors Matter?

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About the Episode

The conventional wisdom around digital advice platforms – what are commonly referred to as “robo advisors” – is that they will commoditize the investment process, and push traditional, human advisors to justify the value they add – and, hence, justify their fees – with services other than investment management. So far, however, the performance results of those platforms have been unimpressive. What do those results bode for the future of digital advice?

Our guest today is David Goldstone. David is a manager with Backend Benchmarking, a firm that provides transparency and reporting across the digital advice industry.

Show Notes

Here is a link to the Backend Benchmarking web site, where you can find more information about their services. Here is a link to their robo rankings. Here is my article, Is Your Robo Smarter than a Fifth Grader?, that was published on September 16.

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