Continued from 10 Common Misconceptions About Robo Advisors (Part 1) Misconception #6 – Humans are inherently better investors (and advisors) than robo advisors Intuitively, it seems like humans would have the advantage over technology, that an algorithm could never perform as well as a human advisor. There’s a hesitation in handing over the reins to an unfeeling algorithm, even when […]
This is a guest post written by Robb Engen at Boomer&Echo. Robb is a fee-only advisor and he blogs about Canadian personal finance and investing at Boomer & Echo. Reach him at robbengen@gmail.com How can you decide which online financial advisor is right for you? An online financial advisor, or what the financial media and investment industry call a […]
As more and more people are becoming interested in online financial advisors (aka ‘robo-advisors’), we thought it would be helpful to dispel some of the myths around robo-advisors and what they’re all about. Simply put, a robo-advisor is an online financial advisor – a web-based service that assesses your preferences and provides investment recommendations. Here are some of the more […]