Financial Advisors vs Robo Advisors – Battle of The Useless

TL;DR: One is an idiot and one is for idiots.
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What happens when you can’t land an investment banking analyst position, don’t have enough work experience for buy-side, and all the cashier jobs at Starbucks are taken

You go into wealth management. 

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Let’s face it - if they were actually good at investing, they would be working at a fund.

The problem is that there’s just nothing else out there when it comes to investment management.

Sure, you could use a robo-advisor to buy a few generic indices, but we could just do that on our own for free. Robo-advisors are purposely trying to win - the ETFs they invest in only track an index, rather than try to beat it. For a robo-advisor, the goal will always be to achieve second place because second place is “good enough.”

And even if we wanted to manage our personal accounts, we barely have enough time to wipe our own asses. (We’ll leave those YOLO trades on the Wall Street Bets subreddit for another discussion.)

The reality is that most of the investment solutions out there are built for your average joe that just wants to start investing for the first time ever. A Guggenheim alum is bucking the passive trend and helping provide high-quality investment management to other financial professionals.

Saul Cohen left a portfolio management team that oversaw over $10 billion in fixed income at Guggenheim to build Round. He saw the value of the investment process for institutional clients, and built the technology to bring that investment process to the masses.

Their value add is that through their easy to use app, you get a curated portfolio managed by these bad-ass fund managers that make those active, institutional-grade investment decisions.

Also, instead of generic stock and bond portfolios, you get exposure to alternative asset classes and strategies.

If you could actually trust where you’re investing, think of all the amazing things you could be doing with your time.

You could take up art. Or even poetry. Or you could just keep brown-nosing your MD and cry yourself to sleep—but at least you’ll be sleeping better at night not worrying about your investments.

Here’s the kicker:

If you fund an account of $25k or more with our specific link, they’ll send you a Round branded Patagonia vest.

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Disclosure:

This is an advertisement for Round Investments LLC, dba Round, an SEC registered investment advisor. Round’s registration as an SEC registered investment adviser does not imply a certain level of skill or training and no inference to the contrary should be made. Brokerage services provided to clients of Round Investments, LLC by Apex Clearing Corporation, Member FINRA, SIPC. Investments are not FDIC insured, not bank guaranteed and may lose value.

Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and Round’s fees and expenses. Round’s internet-based services are designed to assist clients in achieving discrete financial goals. They are not intended to provide comprehensive tax advice or financial planning with respect to every aspect of a client’s financial situation and do not incorporate specific investments that clients hold elsewhere. For more details, see our Form ADV Part 2 and other disclosures. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections, are hypothetical in nature and may not reflect actual future performance. Nothing here should be considered an offer, solicitation of an offer, or advice to buy or sell securities. Pictures and depictions of the Round app do not reflect the performance of Round and are not an indication of performance.

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