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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.
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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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