By Terry MullinviaIris.xyz <\/p>\n
The role of the investment advisor is evolving quickly. Automated applications have become the go-to tool for many investors. These apps can help with rebalancing a portfolio, determining asset allocation, and recommending tax-loss harvesting. Ironically, the advanced algorithms and efficiency of these tools have not threatened the role of the advisor; they have strengthened it. <\/p>\n
The reason: while hard numbers can certainly facilitate investment decisions, they cant address behaviors like panic selling, buying based on greed, early profit-taking based on fear, and stubbornness that causes refusal to buy a stock that drops in price, even though it is a value play. <\/p>\n
The human factor is more important than ever in investment advising. This is where the new breed comes in. The Cyborg Advisor. <\/p>\n
A Cyborg Advisor is a technology-aided financial professional. This advisor will use robo-advice (recommendations from apps), and offer added value by counseling a client in-person or over the phone. <\/p>\n
Click hereto read the full story on Iris.xyz. <\/p>\n
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Your Guide to Becoming a Cyborg Advisor | ETF Trends - ETF Trends<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" By Terry MullinviaIris.xyz The role of the investment advisor is evolving quickly. Automated applications have become the go-to tool for many investors. Continue reading