While consumers will be able to do everything themselves in DeFi, financial advisors still have a role to play in educating and mentoring consumers as they consider their options. - Erik Christman, Oxford Financial PartnersForbes Finance Council is an invitation-only organization for executives in successful accounting, financial planning and wealth management firms. Financial advisors will also need to be a bit more cost-competitive while offering outsized value so they are selected over cheaper alternatives. Knowing your specific offering and the exact individual who needs that service offering will help advisors continue to remain relevant. Financial advisors can also help apps integrate with each other, creating a financial ecosystem and promoting innovation.

Source: Forbes February 04, 2021 18:00 UTC