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Nobel Laureate Discusses Robo-Advisor Weakness

Saturday, Nov 11 2017

Technology & Communications

Written by PFA News

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Technology, unlike individual financial advisors, lacks the ability to generate trust among investors, says Robert Merton, winner of the Nobel Memorial Prize in Economic Science and finance professor at MIT. So reports CNBC.

The shortcoming is creating a niche for advisors who can foster trust with clients by certifying the technology used by robo-advisor platforms.

Read the full article from CNBC.

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