Robo Advisors Can Encourage Millennials to Invest in Stocks

Robo advisors can push risk averse millennials into the stock market, according to Ron O'Hanley, president and CEO of State Street Global Advisors.
Author:
Publish date:

Robo advisors can push risk averse millennials into the stock market, according to Ron O'Hanley, president and CEO of State Street Global Advisors. 'What's appealing to millennials is a terrific interface - on your tablet on your iPhone,' he said, referring to robo advisors. 'Secondly, I think there is a general distrust of institutions and therefore a desire to have a lot of transparency on how things are working and robos achieve that.' TheStreet's Rhonda Schaffler reports from the 2016 Milken Institute Global Conference in Los Angeles.