Financial advisors need not fear AI, Betterments Thomas Moore says [Video]

For registered investment advisors, advancements in artificial intelligence have brought to the surface lingering feelings of unease that many advisors have had since the robo-advising boom of the early 2010s.

The AI explosion has dovetailed with Thomas Moore’s time as the director of Betterment for Advisors. Moore previously held lead sales roles for Affiliated Mangers Group, SEI, and the Vanguard Group.

Moore shared his thoughts on what advisors should know about automation ahead of the CNBC FA Summit on May 22.

(This interview has been edited and condensed for clarity.)

Kiley Lambert: Let’s start with the big picture. What do you say to advisors who perceive automation as a threat to the ways they’ve traditionally operated?

Thomas Moore:Back in 2012, big advisors were initially threatened with the idea that robo-advisors are going to come to steal their clients. We heard that from a lot of financial advisors that are now our customers. So, first and foremost …