UBS to launch 'robo-advice' service

Available to consumers in early 2017

Tom Ellis
clock • 1 min read

UBS is to launch its robo-advice service, SmartWealth, in early 2017, the Swiss company announced today.

From a minimum investment of £15,000, SmartWealth will recommend regulated investment strategies based on a client's attitude to risk while also taking into account their life stage, assets and goals. A select group of customers will have access to the proposition from November before its full launch early next year. Consumers will pay all-inclusive rates of 1% for passive portfolios and 1.7% for active portfolios. While UBS said  investment costs would decrease the more customers invest in the service, the group could not specify at what rate or basis they would do so. "Over recent years...

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

Join

 

Already a Professional Adviser member?

Login

More on Technology

Andrew Goodwin: Why AI is far from the cat's whiskers for financial advice

Andrew Goodwin: Why AI is far from the cat's whiskers for financial advice

Why would someone trust AI to plot their financial future when it can't even get a daft snapshot of a cat right?

Andrew Goodwin
clock 24 June 2026 • 4 min read
Andrew Storey: AI alone is not a panacea for financial planning

Andrew Storey: AI alone is not a panacea for financial planning

'The industry, however, needs to move beyond the idea that AI is a silver bullet'

Andrew Storey
clock 23 June 2026 • 5 min read
Why AI inertia is the greatest risk to advice

Why AI inertia is the greatest risk to advice

The 95% blind spot

Samantha McBride
clock 23 June 2026 • 3 min read