The Real Cost of Robotic Advice
June 20, 2019 | Investing, Guest Post, Robo Advisors
Portfolio Manager and SeekAdvisor Member, Markus Muhs reflects on his early days as a Financial Advisor working in a bank and how the quality of advice offered from 'bank advisors' might be similar to what is offered from Robo Advisors.
"...In recent years I’ve taken on a number of young clients (30ish, give or take) who had their investment portfolio either at a bank or a robo advisor. In most cases, their risk assessments were botched..."