Advisors should also help clients understand the emotional aspect of investing, which is something that robo-advisors can’t do.
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With stiff competition from robo-advisors, financial planners need to be more strategic about the services they offer and keep in mind that stock selection and asset allocation services will no longer serve to differentiate their practices. So reports CNBC.
Advisors should also help clients understand the emotional aspect of investing, which is something that robo-advisors can’t do.