Jonathan Warren believes it would be unwise for financial services providers to ignore the threat posed by robo-advice, as the tech-focused 'fourth industrial revolution' gathers pace...
Some are claiming that robo-advice is becoming less of a concern for financial advisers, as indicated by research that took place at Intelliflo's Change the Game conferences. It is hard to disagree with this viewpoint. Robo-advice models are formative, with the tag being adopted where most offer limited or no advice and focus on the construction and suitability of the portfolio. The Altus white paper, Artificial intelligence: the evolution of financial advice, highlights how the proportion of total assets people are willing to invest through a robo-adviser remains small, while 80% ci...
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