Betterment CEO Jon Stein tells all about robo-advisors

Very insightful discussion. Love the analogy to 'the self-driving car of financial services'!

He kinda looks like a plumper version of Mark Zuckerberg

A great speech

Robo Advisor(Passive investing) may not replace active investing which is still major force in the market place: downside(bear market) will doom robo advisors to some extent, to my view.

What if system gets crushed?...it's all computerised...

Funny that nobody seems to care about NET RETURN. Fees are only important if your trading system does NOT perform. So, obviously you want to save on fees. But what if the automated trading system generates double digit return after fees. Would fees still matter? Not to me anyway. Other companies, such as Azzilon in Singapore, build trading systems with Net Performance in mind, fees saving is not a priority.