Robo-advisers will struggle to make profit, says Morningstar
Robo-advisory firms will have to eat through all of the capital they raised in order to reach a profitable scale, according to fund research firm Morningstar.
Robo-advisory firms will have to eat through all of the capital they raised in order to reach a profitable scale, according to fund research firm Morningstar.
Pennsylvania-headquartered Vanguard has rolled out a ‘robo-advice’ service for clients in the United States.
The investment firm is collaborating with robotics and automation researcher ROBO-STOX to provide investors with easy access to the growing automated technology industry