What Are the Next Major Trends in the Financial Industry?

The process of convergence between hedge funds and mutual funds is one trend that we have to watch. The fact that investors are now engaging in robo advising services means that they're going to be subject to greater algorithmic shifts as we see more sophisticated robo advisors. Just like we have driverless cars, at some point we may have driverless portfolios. And that's both a good thing and a bad thing because it can create unintended consequences.