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Futurist Lex Sokolin Shares Where Advisor Tech is Heading and How You Should Think About It
If you are in the "inform" business, and not the "transform" business, you won't be long for this business.
Technology services are quickly chipping away at the value-stack financial advisors offer to clients. There may come a time when, "I turn on my phone and I say, 'Hi, Alexa. Tell me what my bank account is today. Transfer $10,000 from Bank A to Bank B. Open a 529 plan for my kid. Then, rebalance my brokerage account.' And tell me how I'm doing against my goal of buying this house," said Lex Sokolin, Global Director of Fintech Strategy and Partner at Autonomous.
In this near future world…
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