The robots are coming, and that is a good thing for the future of advice


Working with couples and extended families making critical life decisions such as deciding where to live in retirement or how to best provide care to an elderly loved one requires empathy and understanding -- not just the financing to pay for a nursing home. Longer life in retirement will require significant financial planning, but it will also require advice on what to do in older age, how to remain productive and engaged, where to live, how to provide care and more. Artificial intelligence will provide advisers with more time to focus on the client -- not just the client's portfolio. Online gamification of retirement planning as well as intelligent what-if scenario planning can help advisers, clients and families have richer discussions about what are realistic retirement goals and increase the chances of family consensus.