A report by the Fox Financial Planning Network recommends that advisors act now to counter the threat of robo-advisors by employing a "robo shield." Founder Deborah Fox describes this as a combination of streamlining, staffing and practice-management changes. Suggestions include upgrading technology to create efficiencies and to enhance client service, such as offering clients online access to their accounts, and teaming up with online advisors to offer "Tier 2" services to children of clients or others who don't meet firm investment minimums.

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