ETFmatic launches robo-advice service

The platform, which is available online and via a mobile app, will charge 0.5% a year as a management fee.  As part of its investing for children campaign, which launches tomorrow (28 October), however, it will not charge any fees to investors under 18. ETFmatic, which launched in January, said it aimed to enable everyone in Europe to easily convert their savings into diversified investments through low-cost index funds that generate "highly efficient market returns". The company's management team is supported by an advisory board, including executives from private banking and fund ma...