Robos Get the Human Touch.

Authors :: HUANG, NELLIE S.
Source :: Kiplinger Personal Finance. Sep2017, Vol. 71 Issue 9, p56-59. 4p. 2 Color Photographs, 1 Chart.
Publication Year :: 2017
Abstract: The article discusses how more automated advisory services are giving clients the chance to consult with financial planners and investment counselors. The Department of Labor's fiduciary rule, in effect since June 2017, requires anyone giving investment advice regarding a 401(k) or an IRA to act in the client's best interest.. Some firms are reported to have swapped their commission-based pay structure for one that charges clients a fee based on a percentage of assets under management.