Interesting to see the trend that Firms that provide online robo-advisory services are extending that service to advisors so that they can focus on serving clients
Two Toronto-based providers of robo-advisory services, Nest Wealth Asset Management Inc. and Wealthsimple Financial Inc., are preparing to launch platforms aimed at financial advisors that will allow advisors to have access to robo-advisor tools to help maintain their existing client relationships. "Right from the beginning, we said that we would much prefer to work with those in the industry," Katchen says. "And, as a result, we are actively in conversations with advisors who are looking to support their books of business with our platform." Both Wealthsimple's and Nest Wealth's advisor platforms will allow advisors to outsource traditional functions, such as portfolio rebalancing and tax-loss harvesting, so that the advisors can focus on other important elements within their practices.