Today, a large component of financial advisory can be automated. Computers can go through volumes of data - income statements and the like - and provide you with a comprehensive investment blueprint very quickly.
The same holds increasingly true for risk profiling and needs analysis. Robo-Advisors can respond instantly to questions and give real-time feedback, replacing hours of lengthy questioning to figure out who and what your goals are.
Robo-Advisory or Digital Advice is steadily gaining ground in financial planning and wealth management. Some of the world's largest banks and financial firms including UBS and Citibank, are investing heavily in it. In fact, JPMorgan is reported to have invested $600 million dollars in finch - a large part of which is believed to be earmarked to build their digital capabilities.
What has occasioned this unlikely shift unreadiness for technology-enabled advice in an area of life as intimate and personal as wealth?