Discretionary managers must adapt to survive as tech evolves - Altus

Discretionary managers under threat

Jenna Brown
clock • 3 min read

The use of sophisticated modelling software when selecting investment strategies could see the “demise” of traditional discretionary managers if they do not adapt, according to an Altus white paper.

The technology consultant's paper said the use of software that allows customers to test adjustments in importance weighting, investment amounts and timeframes before validating their understanding with an adviser where necessary could become more prevalent in the near future. Adding such an approach could undermine traditional discretionary managers in years to come if they did not alter the way they operate. The prediction comes from the Altus white paper: Reimagining financial advice: How digital capability is enhancing, not replacing the financial adviser released in conjunction w...

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