Lester Petch: What does the future look like for robo-advice?

Robo 2.0 then 3.0 ...

Lester Petch: "With heavy competition and distribution channels largely unbuilt, a robo-advisory firm runs the risk of failure before it ever becomes sustainable."
Lester Petch: "With heavy competition and distribution channels largely unbuilt, a robo-advisory firm runs the risk of failure before it ever becomes sustainable."
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For all the hype around robo-advice, writes Lester Petch, it is worth asking whether it will truly revolutionise financial advice or simply entrench the market position of those with deeper pockets and established distribution

Excitement around robo-advice is, understandably enough, drowning out scepticism - after all, global behemoths such as Citigroup have estimated assets managed by these platforms could reach an overall...

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