As the world gets increasingly more tech-savvy, it seems likely that more investors will turn to robo-advisors. We’re not there yet though, as a recent survey indicates that investors still have yet to trust their money to a robot. It seems as if people still want a human’s touch when it comes to their finances.
Robo-advisors haven’t yet converted consumers
We’re already starting to see robo-advisors take over some functions previously performed by humans at some financial firms, but consumers aren’t yet at a point where they’re comfortable with them. Market research firm GfK conducted a survey on robo-advisors and digital trends in investing recently and found that just 9% of consumers said they would be likely to use an investment advisory firm that only offered digital interactions (in other words, text or online chat) between them and humans.
Bonhoeffer Fund's performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more The Bonhoeffer Fund returned 3.5% net of fees in July, for a year-to-date return of -15.8%. Bonhoeffer Fund, LP, is a value-oriented private investment partnership for . . . SORRY! This content is exclusively for Read More