CNBC Asks: Would You Take Financial Advice From An Algorithm?

"One industry newsletter has called them 'the most underappreciated threat to the advisory business,' says the CNBC post. "The menace in question is a rash of Web-based investment management tools that aim to replace traditional practices with algorithms. If that weren't threatening enough, the online services often replace advisors' fee structure—typically 1.5 to 2 percent of client assets—with a flat fee."

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