How Robo-Advisors Have Changed the Financial Industry

In addition to providing a low-cost option for investors who want to automate their portfolios, the surge in robo-advisory popularity has put pressure on investment fees across the entire industry. Stock trading commissions continue to fall, mutual fund and ETF expense ratios are trending downward, and fees charged by financial advisors have fallen.

Michael Douglass and Fool contributor Matt Frankel discuss in the video. A full transcript follows.

Source: Fool.com