Robo Advisors and the Future of Technology in Personal Finance

Since their introduction in 2006, Robo advisors have been an increasing presence in the world of financial services. Companies like QuestTrade and Wealth Simple are increasing in popularity. Even the big banks, like RBC, are getting into this market. RBC has introduced RBC Invest ease while Bank of Montreal has introduced BMO Smartfolio.

• What do you see as the future impact of new technology in personal finance?
• What are the pros and cons of Robo advisors for the average investor?
• What kind of individual could benefit most from these types of systems?
• What kind of dangers could be associated with the use of robo advisors?
• How will this shape the financial services industry of the future?
• What kind of challenges could this hold for you as an advisor?
• What kind of opportunities could there be?

https://roboadvisors.com/history-of-robo-advisors

https://www.moneysense.ca/save/investing/best-robo-advisors-in-canada/

https://business.financialpost.com/news/fp-street/bank-tellers-facing-an-even-more-uncertain-future-with-next-wave-of-technology

https://youngandthrifty.ca/complete-guide-to-canadas-robo-advisors/

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