Personal Capital CEO Harris on the Future of FinTech

The video discusses the evolving landscape of the investment industry, highlighting the integration of digital and human advice. It explores the sources of new assets, client demographics, and the role of automation in financial planning. The challenges of growth and awareness are addressed, emphasizing the importance of financial advice in modern life. The video concludes with a discussion on the enduring relevance of financial advisors, contrasting it with the travel agent industry.

What is the primary source of new assets for the company discussed in the video?

• Government bonds

• People consolidating investments from other relationships

• Individuals new to investing

• Corporate investments

Which age group is primarily targeted by the company, as opposed to traditional robo-advisors?

• People in their 30s, 40s, and 50s

• People in their 20s

• Senior citizens

• Teenagers

What is a key benefit of combining technology with human advisors according to the video?

• Faster transaction processing

• Increased automation

• Lower costs for the company

• Personalized financial planning

What is identified as a major challenge to the company's growth?

• Lack of awareness

• High competition

• Technological limitations

• Regulatory issues

How does the video compare the future of financial advisors to another industry?

• It will be replaced by AI completely

• It will become like the travel agent industry and disappear

• It will become more important than ever

• It will merge with the insurance industry