Robo advisors: Counter-marketing for smaller banks #investorseurope #roboadvisory | Robo-Advisors and Robo-Advisories | Scoop.it
In recent years, Wall Street has been hit by an exodus of investors fleeing high-commission, managed funds for better performing, lower-commission index funds.  In December 2016, investors pulled $23 billion out of actively managed U.S. equity funds which extended net outflows to 33 consecutive months. The flight to index funds is a recognition that the …