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...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes