A quarter confident robo-advisers deliver good returns - IG

Client procurement costs ‘unsustainable’

Victoria McKeever
clock • 2 min read

One-quarter (23%) of investors were confident they could trust a robo-adviser to deliver good returns, according to a survey conducted by YouGov on behalf of IG Smart Portfolios.

In comparison, around half (51%) said they were confident traditional IFAs could deliver on generating investment returns. Respondents to the survey also felt investment managers (48%), pension providers (43%) and banks (34%) were better placed to generate returns for them than robo-advisers. YouGov surveyed more than 2,000 people across the country in January.  While people appeared to have greater confidence in banks and IFAs, however, the majority of investors were not inclined to pay the associated higher fees. More than two-thirds of investors claimed that up to 1% would be a fai...

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

Technology 'imperative' in the great wealth transfer pivot

Technology 'imperative' in the great wealth transfer pivot

‘It will help advisers become ready’

Isabel Baxter
clock 27 January 2025 • 4 min read
What to expect from AI in financial advice in 2025

What to expect from AI in financial advice in 2025

AI has already taken root in many of our daily lives

Nick Eatock
clock 16 January 2025 • 4 min read
Majority of IFAs have no plans to use AI in their practices

Majority of IFAs have no plans to use AI in their practices

Advisers divided on the pros and cons of AI

Isabel Baxter
clock 14 January 2025 • 2 min read