Robo-advice: Wealth managers split on 'threat'

'Technology is here to stay so wealth managers need to embrace its advantages'

Laura Dew
clock

Wealth managers are split on the 'threat' posed by robo-advice, with 40% seeing its advent as an opportunity, research suggests.

A poll of 70 UK wealth managers by investment group Vanguard found four in ten viewed robo-advice as a threat, while the same proportion saw it as a chance to increase efficiency and attract new clients. The remainder said they were either yet to form an opinion or felt there would be minimal impact. The rise of automated advice models has been slow in the UK but there have been a handful of new launches this year. Earlier in 2015, Vanguard's US business unveiled a robo-advice offering, which provides portfolio management for investors with minimum assets of $50,000 and charges as ...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Technology

ChatGPT is changing how clients find advisers

ChatGPT is changing how clients find advisers

Prospective clients using AI tools to find financial advisers

Sahar Nazir
clock 17 July 2025 • 6 min read
AI adoption among advisers rises as they call for faster progress

AI adoption among advisers rises as they call for faster progress

More than two-fifths are now using AI, Intelliflo has found

Isabel Baxter
clock 17 July 2025 • 1 min read
City minister backs financial services sector skills compact

City minister backs financial services sector skills compact

AI and technology skills gap poses ‘real threat’, minister says

Jen Frost
clock 17 July 2025 • 2 min read