NAPA Net - Polling Places 051316

Are We Ready for Robos?

It’s not unusual for what is touted as today’s hot product trend to flame out before – well, before. But what about robo-advisors – is there (still) hope, or will it turn out to be hype?

In the space of just a few months, the headlines have gone from touting the upcoming domination of robo-advisors to speculation that the take-up rates will, as has been the case with previous generations of online advice tools, prove insufficient to sustain the anticipated growth?

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* 1. Do you currently use a "robo advisor" in your practice

Yes

Not yet

Other (please specify)

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* 2. Which one(s)?

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* 3. How long have you been using that robo-advisor tool?

More than 5 years

Between 2 and 5 years

Between 1 and 2 years

Less than a year

Have not been using a robo advisor tool

Other/Comments?

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* 4. Do you think robo-advisors are hype, hope, or something in between?

hype

hope

something in-between

there's a lot of hype, and a lot of hope - depends on which one we're talking about

Other thoughts?

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* 5. Do you think that the fiduciary regulation will have any effect on robo-advisor adoption?

Yes, positive

Yes, negative

Not sure.

Too soon to tell

Other (please specify)

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* 6. Other thoughts about robo-advisors, hype, hope, or trends in advice?

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* 7. What is your role working with retirement plans?

Advisor

Provider

TPA

Plan sponsor

Recordkeeper

Other (please specify)

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* 8. What size plans do you PRIMARILY work with?

Under $10 million in assets

$10-$20 million

$20-$50 million

$50-100 million

$100 million - $250 million

$250 million - $500 million

Above $500 million

Other (please specify)

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* 9. Suggestions for future survey questions?

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* 10. All responses are anonymous and confidential, of course - but if you'd like me to know who you are, or allow for a response, you can leave your email below...