Economy

Why tech-driven wealth management on the go still calls for a human touch

  • 14. Mar 2023. 7:32
  • By The EU Times
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In recent years, the trend of tech-driven wealth management on the go has been rapidly gaining traction. With the advancement of technology, the wealth management industry has become more streamlined, providing a more convenient and cost-effective way to manage finances.

However, despite the rise of tech-driven wealth management, the need for a human touch is still in demand. In fact, a combination of technology and human interaction can produce the best results for investors.

First and foremost, tech-driven wealth management can provide investors with a wide range of options for their investments. However, these options can be overwhelming for some, leading to potential mistakes and missteps. A financial adviser can provide guidance in this regard, allowing investors to make informed decisions.

In addition, technology can only do so much in terms of providing advice. A human touch is still necessary in order to make sure the advice provided is tailored to the individual's circumstances and financial goals. A financial adviser can provide a personalised service that technology cannot, which can prove invaluable in helping investors reach their goals.

Finally, technology can only go so far in terms of providing a truly comprehensive service. A financial adviser can provide a more in-depth analysis of the investor's financial situation and provide advice on a range of topics, such as tax planning, estate planning and retirement planning.

It is clear that tech-driven wealth management on the go is here to stay. However, it is also clear that technology alone cannot provide the comprehensive advice that is necessary for investors to reach their financial goals. That is why tech-driven wealth management still calls for a human touch.