facebookWhat's the point of having financial analysts if we have robo-advisors that do about the same job? even now we have machine learning trading algorithms for active trading, isn't it a dying job? - Seedly

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Anonymous

18 Apr 2019

Robo-Advisors

What's the point of having financial analysts if we have robo-advisors that do about the same job? even now we have machine learning trading algorithms for active trading, isn't it a dying job?

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Hariz Arthur Maloy

05 Mar 2019

Independent Financial Advisor at Promiseland Independent

Financial analysts don't sell funds or help retail investors invest. They study markets, business performance, opportunities, and more.

If you're talking about financial advisors, the Discretionary Portfolio Management Solutions we have today such as Robo Advisors actually make our job easier. I'm an IFA that distribute both Robo solutions and have my own portfolios that I manage.

We usually don't provide advice on very short term trading. We may hold tactical fund positions that usually are held for a few months to a year that are triggered on global events and opportunities spotted in the world.

But at the end of the day financial advisors still are needed to make sure people understand what they're investing in, help them enter the market with confidence, and convince them to stay in the market even when it's bad.

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