https://techcrunch.com/2020/05/12/trillions-are-at-stake-in-the-retirement-wars-and-vise-nets-14-5m-from-sequoia-to-manage-it/

The retirement wars are heating up.

As millions of baby boomers leave their jobs in the coming years and transition into retirement, there is a huge competition for who will manage their savings. On one hand are traditional wealth managers, firms like Edward Jones, who either employ full-time human financial advisors or empower independent contractors to help clients plan through their finances. On the other side has been the rise of “roboadvisors” like Wealthfront that use algorithms and simple financial products like ETFs to advise people at lower cost.