Michael Nathanson, chairman and CEO of the independent wealth management firm Colony Group, told Barron's that robo-advisers have a role to play in serving certain client segments. As for the industry’s continued shift toward client-centric wealth management advice and away from the investment-only models of the past, I think the shift can’t be completed quickly enough. Does the evolution in the industry come down to financial advisers doing a better job embracing new technologies? We must all do so, but simply committing...

Source: Wall Street Journal October 09, 2020 09:56 UTC