Digital wealth or 'robo' businesses look to be holding a strong hand, writes Jonathan Warren - just so long as they can stay in the game long enough to reap the potential rewards
Given recent press comments, you could be forgiven for thinking the digital wealth business model is at an inflection point - simply put, can it produce a sustainable model and, ultimately, profitability? In theory, digital wealth managers have developed what should be a viable and attractive position, simultaneously offering both a low-cost and a differentiated proposition. Driven by technology they should be perfectly placed to resolve the ‘financial advice gap', giving people with lower savings access to streamlined mass-market advice and investment management. It seems an ideal bu...
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