 [But] if independent robo advisors do not better capitalize on their head start, then they do seem destined to jump the shark – much like The Fonz and Internet-only banks did decades earlier."Peter Nesvold, managing director, Silver Lane Advisors |
Are Robo Advisors Following The Path Of Internet-Only Banks?
Ryan W. Neal | Wall Street Journal, October 2015
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Summary: Peter Nesvold, the managing director of Silver Lane Advisors and lead author of the study, says that robo advisors are in danger if they are unable to improve their value proposition before more established financial institutions take over the automated advice market.
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