Why robos will never replace traditional advice — George Kinder
I was expecting a mixed reaction to our recent interview with Dan Solin — and that’s exactly what happened.
Dan, you may recall, was fairly pessimistic about the long-term prospects for traditional, face-to-face financial advice. This is what he said:
“My personal view is that the current business model of traditional advisers will not survive. I also believe the preference of investors for robo solutions will accelerate at a more rapid pace than many believe.”
Now it’s time to hear the alternative point of view. George Kinder runs the Kinder Institute of Life Planning, which trains financial professionals in client communication, and divides his time between London, Massachusetts and Hawaii.
In this video he explains why, although it’s an excellent solution for many investors, robo-advice will never replace traditional advisers.