The challenges faced by traditional distributors and advisers today are no different from those faced by travel agents 15 years ago. New online travel agents have emerged to successfully attract consumers. The old guard of travel agents, who did not embrace this change, have been driven out of business. The future of online investment advice will be no different. Instead, ask him one question: “Who cried for the travel agents?”Kunal Bajaj is founder and chief executive officer of Clearfunds, a Sebi-registered online investment adviser.

Source: Mint October 18, 2016 11:03 UTC