Technology advancement in the Financial Planning industry is commoditizing what used to be premium financial services and products.
For example, tools like SigFig and Jemstep are making it easier for consumers to analyze an existing portfolio and get immediately actionable advice about what can be improved, at a price as low as $10.
The end result? Consumers will be the winner! Equipped with better insights, every consumer could use "robo-advisors" such as Betterment and Wealthfront to construct the entire asset-allocated passive strategic portfolio for a mere 0.25% or less.
For example, tools like SigFig and Jemstep are making it easier for consumers to analyze an existing portfolio and get immediately actionable advice about what can be improved, at a price as low as $10.
The end result? Consumers will be the winner! Equipped with better insights, every consumer could use "robo-advisors" such as Betterment and Wealthfront to construct the entire asset-allocated passive strategic portfolio for a mere 0.25% or less.
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