Most advisors are torn over how they should react to the advent of robo-advisors. If they shouldn't fear robo firms as competitors, should traditional advisors join forces with this technology to make their businesses more successful? The FPA BE Boston conference tapped right into that concern and curiosity and held an intense debate between Michael Kitces, the director of research at the Pinnacle Advisory Group, and Lex Sokolin, the chief operating officer at Vanare.
The session, called "RoboAdvisors: What You Need To Know -- Point/Counterpoint," was designed to provide two radically differing perspectives so the attendees could make their own decisions. Indicative of the topic's extreme popularity, attendees jammed into the room and spilled outside the doorways to listen.