Robots can't read your dreams, advice firm warnsBY LAURA MILLAN | WEDNESDAY, 23 SEP 2015 12:03PMRobo-advice is potentially damaging for the advice sector, as it's hard to replace a human's ability to discuss a client's dreams and aspirations, an advice group has said. Related News |
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Matt Gaden
HEAD OF AUSTRALIA
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
Helping investors traverse financial markets and build their wealth during the peaks and troughs is Janus Henderson Investors head of Australia Matt Gaden's game plan. He tells Karren Vergara why in this long game of investing, active management wins.
So, the writer believes that "People planning for retirement need to consider whether they are content with obtaining recommendations about their future based on mathematical formulas from a computer or whether they prefer an individualised, personal recommendation,"
"It's hard to replace having the ability to talk to someone face to face, discuss your dreams and aspirations and have someone recommend a personalised retirement plan that is specific to your needs."
So if you do not use mathematical formulas to create wealth, what do you use to create these formulae: a magic 8 ball?
Any adviser who does not embrace RoBo will be left out in the cold IMHO as personalize advice within the digital space is already here.
The game won't change, just the way it is interacted with and viewed - get on board while the ticket price is low I say.