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…
European regulators have announced plans to investigate the increasing use of ‘robo-advice’ in the financial services industry in order to work out what action may be needed to control its growing use.
Robots have long exerted a fascination for movie-makers, but a new report from Merrill Lynch suggests that investors should be paying just as much attention.
The digital advice market in the US will mushroom to $489bn from $18.9bn assets under management by 2020, a research firm has predicted.
Continued regulatory uncertainty is and will continue to frustrate the growth of the robo-advice industry in the UK, says Numis’ analyst David McCann.
Australia’s finance industry regulator is planning to provide guidance to the financial advisory industry on robo-advice.
Pictet Asset Management is to launch a new robotics focused fund on 8 October, with an initial subscription between 2nd and 7th October.
Journalists love conflict. It sells newspapers. It gets people tuning in to radio and TV. Which is why we are so quick to frame something as a battle between two diametrically opposed sides.
BlackRock, the world’s largest fund manager, has ventured further into the digital wealth management space with the acquisition of robo-adviser FutureAdvisor.
A small independent advisory business is launching a new ultra low-cost ‘robo-advice’ service later this month.
Some financial advisers feel “fear and trepidation” that they will be disintermediated by the rise in digital technologies, according to business and technology specialist Sapient Global Markets.
Clients should see the value in professional financial advice now more than ever, yet there seems to be increasing options for a client to go direct to platform with their investments. Are advisers now competing with online robots and electronic decision trees?
