David Stevenson has no issue with the claim robo-advice is 'the next big thing' but he finds himself less certain about who will actually end up doing the disrupting
Robo-advice is something of a paradox. Despite all the fevered debate and discussion about this being the next big thing in investment, I have yet to run into anyone who invests in any of the blazing new start-ups. Actually, I did meet one of those Millennials who said they would stick £5,000 into an account as a 'tester'. And then promptly withdraw it again to pay for their first mortgage. Clearly, I do think robo-advice is the next big thing. I also admire any young business such as Nutmeg trying to build a financial advice firm that investors trust. I also think some form of autom...
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