Profession of financial analyst is going to be obsolete said Fortune

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According to an article published by Fortune on February 25, 2015 (“5 white-collar jobs robots already have taken”), profession of financial analysts and advisors is going to be obsolete due to the development of predictive systems, big data analysis and computer power.¬†With no practical limit to the amount of company and industry data that can be considered, some financial professionals will find it difficult to keep up. “Now with machine algorithms and big data disrupting, stock and equity analysts will have to figure out what their value ad is going to be,” said¬†Leigh Watson Healy, chief analyst at market research firm Outsell.

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There will be pressure on those who advise individuals, as well. “One trend in the investment industry over the last few years has been the advent of ‘robo-advisers,'” said Stefan Kip Astheimer, vice president for strategy at wealth management firm Howe & Rusling. “These are automated services that are replacing personal financial advisers, financial planners and stockbrokers for younger individuals and individuals who don’t have complex investment needs.”

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