In today’s era of technology where everything is being technical and moving towards the software for super funds Australia there are still many people who believe that no matter how much a computer technology may advance and become efficient, they can never beat the human minds and this is somewhat true. However, computer is just a machine which is designed by the humans and it can only learn as much as it is programmed to do. It can never beat a human mind and its capabilities. The above facts have given a rise to the discussion that even after the very benefit that the automated advisor provide there are some points at which it may not be able to perform as well as the human advisor.
The first and foremost thing that differentiate a human from machine is the emotions and that what makes a human a true human. Every person has a strong association with the money he earns and if that person has gone through some serious financial event or experience that has made him emotionally unstable or has made him even more cautious than he ever was then in this case the computer machine will not be able to help. Because the task of automated advisor is to calculate the planning report of finance via use of various techniques and algorithms and is not aware of the element of emotions a person may have or which could have effect on the investment decisions of the person whereas the personal advisor considers all the emotional factors and associations the client shares and keeps them as an affecting factor while suggesting which helps the client to make decisions that are rational and fruitful as well.
The second thing is the accountability that the robo financial advice provides you. This person takes on the responsibility to provide you help in your cause and considers himself answerable for his doings. Whereas the computer program is just a program who may send you reminders and give you may be the best suitable advice that even the human advisor would not be able to give but the computer program is just responsible for giving you the advice but not responsible of the outcomes that this advice will bring over you.
Thirdly there comes the flexibility. There comes many phases in your life where you need to move your money and spend it. Such as when you are getting married, buying a house or some car, getting some sort of disease or having kids. In all these situations your investment and money needs a rational decision with all these considerations. Therefore, the personal human advisor will be more proficient in doing this task because he also has been through the same kind of situations himself.