|Event Date||Wed Oct 20 EDT (about 2 months ago)|
Please join John A. Turner, Pension Policy Center, one of the co-authors of the research paper, Robo Advisors for Canadian Pension Participants, along with other guest speakers as they discuss this flourishing tool. Together, they will assess its impact - both the good and the bad - on financial decision-making by Canadian pension participants.
The key findings of their report are:
• 71 per cent of Canadians are not using a human financial advisor. Robo advisors can increase the accessibility of financial advice to previously underserved populations.
• The COVID-19 pandemic could continue to increase the popularity of Robo advisors.
• Robo advice differs considerably across advisors, which suggests that the quality of the advice may also vary considerably.
• It is more appealing for Canadians to choose Robo advisors than for Americans from the relative cost saving perspective.
• Artificial intelligence (AI) is improving Robo advisors’ financial recommendations.
• Canadian regulations could be changed to make it possible to provide non-hybrid Robo advisors with less human intervention.
We hope you can join us to hear firsthand the answers to these questions.
Director of the Pension Policy Center
Partner, Mercer's Wealth Business, Canadian Leader of Defined Contribution and Financial Wellness | Mercer (Canada) Limited
CEO, Smart Money Capital Management