At a conference four years ago, with about 150 advisors in the room, a co-panelist ridiculed me for being overly pessmitic after I had predicted that automated advice online would drive a shakeout in the financial advisor business.   Since then, fear-mongering over roboadvisors in the trade press has reached a fevered pitch. Not a day goes by now without some scary headline in the trade publications about a roboadvisor invading advisor turf.  Moreover, Betterment, Wealthfront, all of the major RIA custodians and many others, have launched extensive TV  ad campaigns saying ad

“We regret to inform you that your Apple ID has been locked for security reasons,” said the message in my email inbox last night.The message passed through the spam system on Microsoft’s mail servers, where my email is hosted. Outlook did not categorize as junk or even “clutter,” and it looked authentic.    When when you click on the link, “Unlock Apple ID,” you land on Apple’s site with a place to log in with your correct Apple ID.     Guess what? It’s all phony!   Because the message seemed suspicious, I g

You can’t stop your broker-dealer from losing your business, but you can prevent your business from losing its data.   

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The quick answer is, “It Depends.”  In this article, we’ll help you make that decision for yourself. 

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