Technology has taken over almost every aspect of life, from eating to driving cars. While client interactions are the bread and butter of the advisory business, robo-advisors are muscling their way in. Fox Financial Planning Network has released a white paper that shows how advisors and firms will need to change in order to compete with these online investment platforms.

“The new, low-­cost competition from online advice platforms [is] providing the industry with a ‘wake-up call’ to evolve their firms,” said Deborah Fox, CEO and founder of FFPN, in a press release.

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