Miller: Robo-advisors will need human advisors when the market turns down
David Miller · 904 5 Revenue Streams of Financial Services Business Makes Founder $7.5m Annually · Jan 14, 2018 · at 14:11
Peach Capital founder David Miller explains why purely automated robo-advisory platforms incorporate human financial planners.
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“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 10,000 dollars or ten million dollars. It's just as important than money that's lost for both of those clients, and because people are emotional with their money.”
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