How do financial advisors feel about the prospect of ‘robo advisors’?
Robo Advice is an automated form of financial advice that is tailored to the individual, based on the information that individual provides online. For clients, particularly those who might be planning their retirements, it appears to be a cheaper and more convenient way to receive recommendations. Will it really replace the real thing? Professionals in the finance industry are divided. Image Credit A threat to advisory business Robo advice has been active in the UK since March this year, when the FCA gave it the…