Robo-advisers not the end-all in financial technology
Other digital platforms that advisers should also have on their radar screens handle functions other than investing
Sep 29, 2015 @ 12:08 pm
By Alessandra Malito
As robo-advisers have taken the financial advice business by storm, other digital platforms not focused solely on investing are poised to disrupt the industry.
Many financial industry watchers say companies that offer apps that keep track of consumers' personal finances such as Mint.com, HelloWallet, FlexScore and You Need A Budget (YNAB), are having as much impact as robo-advisers. And the best personal financial management websites and apps are ready to push past the traditional retirement-focused track to potentially achieve mass-market reach, according to Hearts and Wallets' Inside Advice 2015: Early Career Millennials report.