Will Your Robo Adviser Plan Your Estate?

Illustration: Sydney Morning Herald

Fintech has brought us robo portfolios, robo rebalancing, robo tax-loss harvesting. What's next?

According to Steve Lockshin of Adviceperiod in this Barron's interview, human estate planners should start feeling nervous:

We are beginning to work on automation for estate planning—the one area that advisors love to insist cannot be automated. We are using our access to data to build out the algorithms to automate estate-planning recommendations and then create the appropriate legal documents. It’s all rules-based, and when it comes to most lawyers, it’s an antiquated industry.