Pershing Advisor Services has terminated 130 advisor relationships over the last three years, and the average size of advisors joining the platform keeps climbing.
UBS Wealth Management Americas advisors now will be paid based solely on the amount of assets and not the volume of transactions or the products they recommend for retirement accounts.
The best hope human advisers have against robots is to harness the same technologies that threaten their disruption: algorithms combined with big data and machine learning.