Robo-advice is a "fantastic event" for the industry as a whole and can prove to be a good opportunity for human financial advisers, believes Embark Group CEO Phil Smith.
If he were running a large-scale advice business, Smith asserts, he would be "embracing robo-advice, an execution-only technology, like it was the best thing that ever happened to me", adding it "amazes"...
Retirement Advantage research suggests
9,700 transfers in 2016/17
Up 0.1% from Q1
Extra burdens for largest firms