Robo and human financial advisors provide emotional hand-holding and comfort.
Same reason why you trust a doctor, despite doctors underperforming (intelligent) self-directed health and nutrition research.
I’m skeptical of this claim. What’s “intelligent” research mean?
Index funds are literally sit it and forget it. Even easier than robo advisers. With year retirement funds you even get auto balancing with the same ease.
That's a bold statement considering the anti-vaccine climate today. The value in doctors isn't necessarily what they've learned but instead what trends they've seen personally and local to your area.
I do agree human financial advisors are mainly a tool for comfort. I've got one and most of our conversations instigated by him are relationship-building and not necessarily aggessive-fund-strategy type talk.