Robo-advisers gain momentum in Asia
Robo-advisers in Asia are increasingly targeting clients traditionally serviced by the region’s wealth managers, despite the age-old assumption that wealthy individuals prefer face-to-face advisers.
Robo-advice
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Millennials value financial advice at just £28.50 per hour
Millennials are willing to pay an average of just £28.50 ($35.50, €33.12) per hour for financial advice, casting doubt on the industry’s ability to capture younger clients amid the rise of robo-advice, research from financial services PR consultancy MRM has found.
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Newly-launched platform targets Singapore’s HNW and US expats
Crossbridge Capital and Morningstar are collaborating on a newly-launched digital advisory platform that targets high net worth (HNW) individuals and US expats, which they believe are under-served in Asia.
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Robo-advisers will not ‘kill off’ traditional IFAs
Robo-advice will not kill off financial advisers but will instead help them cater to less profitable clients, according to chief executive of digital investment manager Moo.la, Gemma Godfrey.
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Nutmeg preparing to launch free advice chatbot
Online investment platform Nutmeg has confirmed that it is in the testing stages of launching its automated advice service.
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Farringdon to launch Shariah-compliant robo-adviser in Asia
The Malaysian-based wealth management firm, Farringdon Group, said it plans to launch Asia’s fist Shariah-compliant robo-adviser in December.
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South Africa’s Inkunzi launches new robo-adviser app
South Africa’s Inkunzi Wealth Group (IWGSA) has launched a robo-advice tool aimed at the country’s professionals.
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Robo-advice done right will be bespoke and regulated
EValue founder Bruce Moss says robo-advice has the potential to irrevocably alter the consumer experience in the financial services industry, but it has to live up the regulatory standards and bespoke nature of traditional advice.
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UBS launches ’robo’ wealth manager
UBS is entering the robo-advice space as it prepares to bring a digital wealth management proposition to market next month in a bid to attract younger clients.
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Tech disruption offers opportunity, says M&G digital head
Technology is disrupting the asset management industry but offers many opportunities in the process, according to Dominic Traynor, head of digital at M&G Investments.
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Allianz invests $7m in Italian robo-adviser MoneyFarm
German insurance giant Allianz has bought an undisclosed minority share in Italian digital wealth manager MoneyFarm in a bid to keep pace with the fast-moving fintech sector.
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Belgian IFA firm launches robo-adviser for US expats
Cross Border Planning, a Brussels-based advice firm catering to US expats in Belgium, has launched a robo-advice service aimed at providing low cost investment accounts for lower income clients.