The 2010s: A Look Back
December 23, 2019 by Rich Blake
For retirement investors, saying goodbye to the 2010s is bittersweet. They’re closing the books on one of the most bullish decades in history.
For the advisors helping to oversee those accounts, the past decade will be remembered as one of the most disruptive in terms of the forces, mainly technology-driven but also regulatory in nature, dramatically altering the financial advice profession.
Robo-advisors, zero-commission platforms, lower-fee index products (ETFs) and new client-centric, protective rules have completely changed the game for bank and credit union investment teams tasked with gathering more household investment assets.
These days, big brokerages are known for robo-advisory platforms designed for smart phones. Bitcoin may have flamed out, but “fintech” has generally splintered into quite the many-splendored realm with automation and data science leading the way.