Could the asset manager of the future be a robot from Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) or a drone stock broker compiled from Amazon.com, Inc. (NASDAQ:AMZN)’s recommendation algorithms? Yes, according to a new study from KPMG, and human asset managers are behind the curve to embrace technology.
The report predicted that “most people will buy investment products on-line rather than through a face-to-face adviser. Customers will also buy based on their own research supported by crowd-sourced opinions on ‘TripAdvisor type’ websites.” Such websites are known for their lack of human interaction.
Asset managers of tomorrow must focus on building better relation with clients
While it made this prediction, it also contradicted...
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