John Lappin considers five big questions surrounding robo-advice and the implications significant advances in its provision could have for existing financial advisers
Advisers who have been in business for a decade or more may find the arguments about robo-advice distinctly familiar. A new technology comes along and is almost immediately hailed a revolution, an extinction event (for advisers), the new and winning direct sales channel or something that could revolutionise the way business is done by everyone. So let's take a step back and consider five important questions surrounding robo-advice and its implications for existing financial advisers Is automated advice an existential threat to financial advice businesses? Clearly no-one wants to sto...
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