Jonathan Warren: Can the digital wealth model ever be profitable?

Given recent press comments, you could be forgiven for thinking the digital wealth business model is at an inflection point - simply put, can it produce a sustainable model and, ultimately, profitability? In theory, digital wealth managers have developed what should be a viable and attractive position, simultaneously offering both a low-cost and a differentiated proposition. Driven by technology they should be perfectly placed to resolve the ‘financial advice gap', giving people with lower savings access to streamlined mass-market advice and investment management. It seems an ideal bu...