Fintech is going to kill Private Wealth Management jobs?
So it has been clear to me that algorithms will eventually be capable of doing everything that a traditional wealth manager is. Given this trend, I, rising junior, am a bit worried about being able to even have a job in the industry, and am even considering starting a robo-advisory as a method of making myself a manager. I would love a career helping people manage their wealth, but I feel as though the position will soon be obsolete. So I would love some answers to my questions.
Is there a role for humans in the future of investment management besides sales and client relations?
When will robo's be able to attack the traditional industry HNW, and UHNW base?
What start-ups are actually making the real managers worried?