Robo-advice: Report detects 'elephant in the room'

'Perpetual thorn' in advisers' side could also sting robos, report suggests

Scott Sinclair

The biggest obstacle blocking robo-advisers' path to prominence is the same problem that plagues the entire financial services sector - the almighty cost of acquiring clients, according to an eye-opening report.

Robo-advisers are "paradigm changing" but assuming they will find their own customers is "dangerously incorrect" and could "spoil many careers in financial services", the report, entitled The Robo ...

To continue reading this article...

Join Professional Adviser


  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Technology

T4A said:  "By joining our programme, service providers are trained to use and configure CURO, Time4Advice's end-to-end financial planning/wealth management CRM, client portal, advice, and back-office system."

IntegraFin-owned T4A launches service provider training programme

'Keeping up with client demand'

clock 19 August 2022 • 2 min read
Schroders UK Platform awards announces finalists

Schroders UK Platform awards announces finalists

Platform of the Year and Adviser categories published

Professional Adviser
clock 15 August 2022 • 1 min read
Archax, which is founded by former hedge fund executives, provides a platform for institutional investors to trade cryptocurrencies

abrdn takes stake in digital securities exchange

Largest external shareholder

Kathleen Gallagher
clock 12 August 2022 • 1 min read