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 value of $5 trillion (£3.77 trillion) over the next decade. For all the hype around this technology, however, it is worth asking whether the robo expansion will truly revolutionise financial advice - or could it simply entrench the market position of those with deeper pockets and established distribution lines? To move out of obscurity, robo-advice platforms currently rely heavily on mar...
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