Tim Sargisson: Robo-advice's significant economic challenges

Advisers must still raise their game

clock • 3 min read

The attractions of robo-advice should be obvious to most financial services providers but what is considerably less clear, writes Tim Sargisson, is how to deal with the challenge of building scale

Stifle a collective yawn, if you can, but ‘the robots are coming' is news again. Channel 4 has a new series, The Rise of the Robots, which will look at where intelligent robots interact with us as equals. Meanwhile, one national newspaper recently published an article that featured a piece of research by Oxford University highlighting those jobs most at risk of automation. Financial advisers are apparently 58% at risk - though spare a thought for the humble accountant, where there is a 94% chance of being replaced by a new breed of automated auditing and associated number-crunching proce...

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 Your profession

AJ Bell adds MPS range to Mabel Insights platform

AJ Bell adds MPS range to Mabel Insights platform

AJ Bell: ‘The Mabel Insights platform provides advisers with a wealth of information’

Sahar Nazir
clock 11 February 2025 • 1 min read
Quilter CEO: 'It's really tough to be a platform'

Quilter CEO: 'It's really tough to be a platform'

‘We can’t build a platform that is for every single adviser’

Sahar Nazir
clock 10 February 2025 • 1 min read
M&A process a 'disturbing event' for IFAs

M&A process a 'disturbing event' for IFAs

‘Acquisitions have emotional toll on everyone involved'

Sahar Nazir
clock 10 February 2025 • 6 min read