News 16 Jul 18
Taking a hedge fund mentality to online wealth management
Negativity around robo and investment technology a few years ago prompted former hedge fund executives Ian Cadby and Jonathan Wauton to get into the online wealth management space, culminating in the launch of platform Tiller on Monday.
Artificial Intelligence disappoints when markets fall
Malaysia-based asset manager Farringdon Group has shelved plans to launch an artificial intelligence investment strategy after the performance disappointed.
Ex-Barclays Wealth chief’s insight tool courting investors
Former Barclays Wealth and Investment chief executive Akshaya Bhargava has founded a fintech app, which promises to bring insights from institutional asset management to private investors and their advisers.
Malaysia life insurer inks digital distribution deal
Gibraltar BSN Life is to boost its distribution management operation in Malaysia by partnering with Majesco Distribution Management and Digital Solutions.
Moneyfarm to expand advice offering on £40m investment
Moneyfarm plans to expand its investment advice offering as the robo-adviser lands a £40m ($53.2m, €45.6m) investment in a funding round led by Allianz Asset Management.
Fidelity and Amazon create virtual reality financial adviser
The research arm of Fidelity Investments has teamed up with Amazon to develop a digital financial adviser, which people can interact with through a virtual reality headset.