Barron's Penta Daily: Wealth Trends to Watch
Barron’s latest article provides insight on estate planning challenges in an analysis on several recent surveys about wealthy families. Article author, Robert Milburn, notes that technology is changing the nature of advice. According to Jefferon National's latest Advisor Authority survey, 19% of financial advisors use robo-advice to automate menial tasks like rebalancing portfolios which, in turn, frees up time and allows the advisor to tackle more complicated advising issues. As Milburn notes, “this explains why more than half of advisors who currently use robo-advisors say they use it most often for clients with over $1 million in investable assets; one-quarter of advisors take advantage of this technology for clients with more than $10 million.”
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