Adviser businesses invested in robo 'more valuable' - Ian McKenna

Speaking at the latest Space 01 'Money Talks' seminar, McKenna (pictured) said it had been suggested to him there was "zero value" in paper-based advice companies. That, he argued, should provide "a strong incentive" to older advisers nearing retirement who might otherwise consider robo-advice unnecessary or advanced back-office digitalisation an annoyance. "To me, a digital enterprise is one where all the information and the records are electronic," he added. "It's a massive investment - anybody selling a business obviously wants to get the maximum return for it but the more you do to e...