13 times bosses mocked new technology and got it wrong

Tim Maurer on robo-advisors

Wealthfront

Wealth-management services require “educated, credentialed, experienced advisors acting as fiduciaries on behalf of clients and actively engaged in a relationship with them,” said Tim Maurer, director of personal finance at Buckingham and The BAM Alliance, in an op-ed on CNBC.

“I don’t see their services as competing with comprehensive wealth management,” he said.

Automated-investing firms, like Betterment and Wealthfront, are hoping to provide the same services, with a much skinnier staff thanks to algorithms and automation.