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Jonathan Smart's avatar

Not surprised that robo-advisors are struggling to gain traction. Here in Canada, a lot of Investment Advisors (IAs) have replicated their strategy to great success. They've given up trying to pick stocks and now just focus on a broad basket of index funds/etfs, charge ~50bps, and focus on financial planning.

They might be charging a bit more than a robo advisor, but way better service, and most people (young or old) still seem to like to know who they're dealing with on the other side.

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