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A robo-adviser may be in the works for Morgan Stanley

Morgan Stanley's Wealth Management President Gregory Fleming hinted recently that the firm was building it's own digital offering. Their reason for doing so? Quicker onboarding and attracting younger clients.

Mr. Fleming said robo-advisers are revolutionizing the industry, bringing a new interface to clients but not providing strong advice on the back-end. He said there is a shift toward more goals-based planning, and that advice — as well as financial advisers — will always be needed.

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wealth management