Is robo-advice taboo?BY DARREN SNYDER | MONDAY, 30 OCT 2017 3:22PMAn observation from my recent attendance at the AFA National Adviser Conference was the little reference to robo-advice. It's not that I expected robo to be mentioned at every ... Upgrade your subscription to access this article
Join the growing community of financial advisers
with unlimited access to our latest news, research and analysis of the industry.
Become a premium subscriber today. |
Latest News
Litigation funder disputes AMP BOLR settlement
The litigation funder of the AMP Buyer of Last Resort (BOLR) class action is negotiating its cut of the settlement money and could take home as much as $43 million.
ASIC clamps down on advisers, trustees cold calling
Financial advisers, licensees, and superannuation trustees are facing the ire of ASIC after an investigation found they are profiting from boiler room tactics that convince members to switch funds.
FSC launches digital advice group
The Financial Services Council (FSC) continues to expand into financial advice by taking on a digital advice association that flagged its formation one year ago.
Count renews Iress contract
Count has renewed its contract with Iress to continue to provide software to its 550 financial adviser network.
Cover Story
Passing the baton
LIAM ROCHE
ADVICE ASSOCIATE
EUREKA WHITTAKER MACNAUGHT PTY LTD
ADVICE ASSOCIATE
EUREKA WHITTAKER MACNAUGHT PTY LTD
Liam Roche's experience in customer relationships and paraplanning has set him up for success as a financial adviser. Now undertaking the Professional Year, the advice associate at Eureka Whittaker Macnaught tells Karren Vergara how a new breed of advisers is flying the flag.
Yes, its true - at this point in time, it is hard for digital advice to replicate the soft skills that humans have. Although that will change over time.
However, many consumers aren't looking for soft skills. They are looking for speed, convenience and value. Human advisers can't replicate what digital advice is achieving across these dimensions.
So why isn't there more discussion at the AFA on digital advice? It starts with not having an agenda that is relevant to digital advisers. So the digital advisers hang out elsewhere. So many participants at the conference incorrectly believe that digital advice isn't happening. So when they go to put the agenda together again the next year, once again there isn't any digital advice content.