AI disruption: Is robo-advisory a threat to financial planners?

The fintech industry has been revolutionizing the sector in the past few years, with disruptive technologies such as machine learning, artificial intelligence, social data intelligence and blockchain, which are proving to be enablers in solving critical business problems. According to fintech experts, robos are already doing 75 percent of the distributor's job. For instance, these automated advisers ask you your age and a few questions about risk, goals and your time horizon. Then the platform runs your choices through their algorithms. Next, you are assigned a risk level ranging from conservative to aggressive.