Advisers divided on mixing advice: PollBY KARREN VERGARA | MONDAY, 6 NOV 2017 12:29PMFinancial advisers are divided when it comes to combining human advice with robo solutions. Related News |
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David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.
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If you use any sort of automated portfolio model, construcitons tools, or autobalancing feature from a service provider, you have just used a very basic form of robo advice. What we're seeing here with these 2nd generation tools is simply an extension of that. Learn how to use it to your advantage and incorporate it into your business model, or develop your niche business model that does not use it and target those clients. One way or another it is coming.