Robo-advice is the hot topic in financial services right now but nothing beats comprehensive personal service, writes Steve Hagues. He thinks professional services tie-ups are still all-important
As the advice industry matures, the ways in which clients are serviced is expanding and robo-advice is becoming a reality for many large wealth managers. Where does that leave the more traditional financial advisers, who are dealing in a competitive world where the noise for consumers' attention is loud? The fear that robo-advice will completely replace face-to-face financial planning is, of course, overdone, but it's likely that some clients will be using this service, especially those at the lower end of the asset scale. It is inevitable that some consumers will be put off by the...
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