Robo-advisers on the rise, CFA survey shows
Robo-advisers will have a significant impact on the financial services industry over the next five years, a global fintech survey by CFA Institute showed.
Robo-advice
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Cost seen driving mass affluent investors toward robo-advice
Mass affluent investors are more likely to use a robo-advice service in place of a human financial adviser than higher net worth individuals or institutions, according to a survey by Australia’s Chartered Financial Analyst (CFA) institute.
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Platform group Praemium posts 23% rise in managed funds
Australia-headquartered platform provider Praemium has posted a 23% increase in funds under administration (FUA) for the year to 31 March, 2016.
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UK millennials more likely to embrace robo-advice, says Legg Mason
UK millennials are more open to receiving financial advice from automated services, so-called robo-advice, than their counterparts around the world, a survey by global asset manager Legg Mason has revealed.
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South Korea to introduce fee-based IFA model
South Korea’s Financial Services Commission (FSC) has announced plans to overhaul the country’s financial advisory sector, with IFAs set to provide independent advice while adopting a new fee-based only regime similar to the UK.
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Australian regulator to provide ‘robo-advice’ guidance
The Australian Securities and Investments Commission (Asic) has released a draft of its proposed guidance on providing digital financial product advice services, or robo-advice, to retail clients.
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Investors trust the media more than robo-advice, survey finds
More investors trust the media on investment than robo-advice services despite the rising numbers of start-ups and established companies entering the online space, according to Legg Mason’s 2016 Global Investment Study.
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B&CE and LV= launching £49 robo-adviser
The People’s Pension provider B&CE has joined forces with retirement specialist LV= to launch a £49 robo-advice service, aimed at those approaching retirement.
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Macquarie offers robo-advice service for DIY investors
Macquarie Bank has launched a robo-advice service in Australia for savers who do not currently receive advice and want to manage their own investments online.
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It is time for advisers to fully embrace technology – Nucleus
The ‘industrial revolution’ in technology will continue to overturn both client expectations and the demands they make of financial services firms, says Nucleus CEO David Ferguson.
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Robo-advice opening up S. Africa’s financial advice market
South African robo-advice provider SmartRand has opened up the country’s financial advice market to lower level investors, creating much broader demand.
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Robo-advice: Fact and fiction
I have lost count of the amount of articles about so-called robo-advice. It certainly is the “flavour of the month” and, if we believe all that we hear, will soon become the most important element in the delivery of financial services. I have some strong views on this…