Advisers have an advantage over robos starting from scratch, points out Simon Bottle - while the latter would love to get their hands on lists of 'advice gap' clients, the former simply need to work out how to service them
Financial advisers are feeling the heat from a number of sources. They are subject to greater scrutiny on fees, transparency and compliance with an ever-increasing amount of regulation. Simultaneously robo-advisers are proliferating at a rate of knots. In a report in June, the FCA and Treasury advised that 100 ‘robo models' had either already launched or were "in development across a broad spectrum of services ranging from simple budgeting, non-advised investment, discretionary investment management and online personalised recommendations". Set against this context, it is not difficul...
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