Over the past two weeks, I have had the privilege of getting my two daughters ready for school. My oldest daughter just started kindergarten and my youngest just started the two-and-a-half-year program. The whole family's routine has changed: kids getting up earlier, trying to get them to bed earlier. The oldest has to be at the bus stop by 8 a.m. I don’t remember having to get to school that early when I was in kindergarten. Times have changed. Kids seem to start taking on more responsibility at an earlier age.
Move over, banks. FinTech is here, only projected to grow bigger, and if you want to survive, you’ve got to innovate.
Nope (at least not for a while). There is a big discussion in the investment management and financial planning world about the disruptive impact of technological advances on the industry, and in particular, the possibility of the “robo-advisor” supplanting the traditional human advisor as the primary deliverer of financial services to the end user. For the unfamiliar, robo-advisor is the preferred term of the financial media to describe a variety of digitally delivered online services that leverage technology to attempt to automate the bulk of (if not all of) the investment advisory services process for retail investors, and in some cases, parts of the fee financial planning process. These services purport to provide a low-cost technology-dependent approach to personal financial life, with the early adopters having primarily come from the millennial demographic cohort.