Sunday, June 26, 2016

Climateer Line of the Day, Robo-Advisor Edition

On Friday, in the midst of the worldwide decline in equity markets Barron's referenced an A.T. Kearney study from earlier in the week:

"It turns out that most investors just want 
to pay lower fees for traditional financial 
advice from a human advisor...."

That may be even more true after this story from Barron's confrères at the Wall Street Journal gets more widely disseminated:
Robo Adviser Betterment Suspended Trading During ‘Brexit’ Market Turmoil 
Retail customers weren’t notified of halt that lasted from 9:30 a.m. to noon

June 24, 2016 
7:31 p.m. ET
Betterment LLC, a pioneer in the world of automated investing, made an unusual move and suspended all trading Friday morning as markets were roiled by the U.K.’s vote to leave the European Union....