There is absolutely a requirement for these services. If an investor receives good and proper asset allocation, broad based index exposure (as opposed to concentrated and speculative or ill informed punts on crypto or weak companies) and that service is cost effective, well that’s a good thing. I have had many conversations with those in the “advice gap” who have no idea where to turn and were seriously considering putting everything into bitcoin, or concentrate their exposure towards a few names that pay good dividends. This is a service that is needed but it comes down to the execution. A hybrid model using a bank or insurer or large wealth manager (AMP for example), acting as the intermediary is much needed.