Connect Wealth | 13-2970 King George Blvd. | South Surrey, BC V4P 0E6, Canada
Phone: 604.542.4298 | Toll Free: 877.542.4298 | Fax: 604.542.4289
When we think back to the history of investing, a lot has changed the landscape over the last 40 years. The advancement of communication and technology has completely transformed the process of investing. Investment options once reserved for the rich are now accessible to more people. More recently, a new entrant has made a big splash – the Robo-Advisor.
A question we are asked is, “how do these ‘robos’ change the investing landscape going forward? “
The strength of a robo-advisor is that it takes the emotion out of building a portfolio, but they are now finding that the robos are missing a key component – personalized advice. Yep, the idea that you are different than your neighbour in more ways than your investment risk tolerance still holds true.
To date the robo industry hasn’t been able to mimic the value good financial advice. Research has shown that clients benefit from advice. A recent study found a significant benefit to personalized advice:
There are many reasons for this remarkable difference in how advice can help build wealth. A few of the many reasons they found are:
The value of advice goes beyond what investment vehicle you are in. It is equally as important how you build your wealth efficiently and as uniquely as you are that we feel can make a significant difference.
We partner with our clients to discover the right financial options are best during each stage of life.
If you have any further questions, or would like more information, don’t hesitate to reach out.