Robo-advice: Wealth managers split on 'threat'

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 ...