Robo Advisors
topic on 4 shows · 7 statements across 6 episodes
A Product Market Fit Show 
Capital Allocators 
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7 statements about Robo Advisors, every show
Domingues: Bank of Scotland Cut 200 Advisors for Proprietary Robo-Advisor
“And then the Bank of Scotland fired like 200 of their financial advisors, and everybody who was a client with less than 200,000 got rolled into their proprietary robo-advisor”
Hays: Opinionated Robo-Advisors Effectively Gather First $20M in AUM
“Highly opinionated robo-advisors are a great way to get your first twenty million of AUM, and then from there, maybe you can, you know, build.”
Beattie: Robo-advisors just package seven ETFs and charge unnecessary fees
“All these robo-advisors are doing is putting seven ETFs into a bucket and selling it to you and charging you a fee every year for rebalancing it. This is not rocket science. Any member of the public can do this if they have an understanding of why there are th…”
Beattie: Traditional advisors erode a third of lifetime wealth in fees
“With a traditional advisor charging you one and a half percent per year in total fees both what they're charging and the embedded ones in the products, that you're going to lose about a third of your wealth over your lifetime. When you look at a robo-advisor, …”
Lydon: Self-directed ETF investors will likely panic sell in downturns
“And as far as self-directed investors who have invested in ETFs, maybe through robo-advisors and that type of thing, are they gonna stick with it? They should. We know historically they should over time. Are they going to? Probably not, right?”
Miller: Robo-advisors will need human advisors when the market turns down
“The strong robos, they embrace the human advisor. They embrace the human element. They realize whenever the market turns, you know, turn south, which we, you know, we haven't had a recession since June of 2009 turn south. It doesn't matter whether you have 10,…”