Why FutureAdvisor Orphaned Its B2C Book of Business, How Post-Invesco Jemstep is Doing and Other Learnings at CFA Society’s Robo-Panel in San Francisco

The bad news: Selling robo financial advice to millennials — at least until they grow up and start acting like boomers — is a fool’s game.

The silver lining: The opportunity to automate the RIA business in general more than makes up for that dream deferred both for robo-vendors and consumers, at least as measured in sheer assets.

The CFA Society’s star-studded robo-panel last Thursday provided that takeaway and a few more to a crowd of about 120 at the Silicon Valley chic headquarters of Lending Club in the heart of San Francisco’s financial district.

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