For Advisors, New Web Threat Looms

Post on October 31, 2013

financial_planning

“Without any human touch, these new services recommend selling funds that are high-cost, poor performing and/or not in line with the users’ investment goals, and suggest better alternatives to buy,” notes a study by research and consulting firm Corporate Insight.

Not surprisingly, younger clients are seen as a prime target market for the new online firms.

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