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Jul 14, 2016

Eurex

Morgan Stanley analyst: robo advisers major threats to the industry

Bloomberg reports that Morgan Stanley analysts say the wealth industry needs to make some changes if it wants to beat robo advisers. Adopting to the environment is critical because according to the article more than 50 percent of both Generation X and Millennials said they would be open to using robo advisers, And since Millennials are more digital savvy than previous generations the investment and wealth management landscape is transforming.