AI, big data and robo-advisory to be added to CFA curriculum

Thoughts? I think it’s a good move to stay up-to-date.

Robo is the future for the advising industry so I am happy to see it there. I bet 10 years out the typical “branch banking advisor” will no longer be doing investments as it will be automated and fully discretionary.

The growth of robo is insane. Wealthsimple in Canada has grown to over 750M in AUM since 2013. No advising practice is doing that type of growth. Betterment and Wealthfront in the US are in the billions AUM-wise and the banks are starting to get involved.

I’m glad to see it too, but hope it’s not just one of those trivial pursuit readings that are all of 20 pages out of the 3000+ that any of the three levels have. An example would be like the HFT/Algorithmic Trading reading at the end of PM in L2.