5:0 Five ways a human adviser beats robo

Robos lacking the human touch

Carmen Reichman
clock • 3 min read

Interest in automated advice services has surged in recent months within both the adviser and provider sphere. But robos are not automatically better than humans. Here are five reasons why…

The rise of robo-advisers over the last few years has been attributed to investors struggling with lack of time and money to spend on face-to-face meetings with financial advisers. Findings from the recent Financial Advice Market Review suggest the FCA should help firms to develop automated services, but although this breed of fast financial help has its benefits, it can certainly have its limitations, says Flying Colours founder Guy Myles. Recent research commissioned by the low-cost advice start-up showed poor decision-making can result in the average investor missing out on 2.1 per...

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