The Rich Are Already Using Robo-Advisers, and That Scares Banks

Banks are watching wealthy clients flirt with robo-advisers, and that’s one reason the lenders are racing to release their own versions of the automated investing technology this year, according to a consultant.

  • DMB
  • Shebel

    I have a fool proof method for people to get rich on the stock market. It is simple.

    I notify you–if I buy—– YOU sell.
    — if I sell—YOU buy.

    My newsletter will be available just as soon as I can raise some cash.

    • Brett_McS

      Are you calling it Opposite George?

      • Shebel

        Why not ? That is probably a good name .

        I was thinking of something slightly more vulgar.

  • Brett_McS

    They have robots that can throw darts**?

    **An experiment done by several American universities that at least should be more famous showed that throwing darts at stock market listings out-performed the market.

  • luna

    I read in the news (maybe here) that AI may even put CEOs out of work. I mentioned that to two individuals at a silicon valley “unicorn” and they just laughed. But here’s evidence that machines can already better allocate resources than people, why not allow a machine to run your business one day.