Robo-advice
Best Practice | 17 Nov 16
Millennials value financial advice at just £28.50 per hour
Millennials are willing to pay an average of just £28.50 ($35.50, €33.12) per hour for financial advice, casting doubt on the industry’s ability to capture younger clients amid the rise of robo-advice, research from financial services PR consultancy MRM has found.
Newly-launched platform targets Singapore’s HNW and US expats
Crossbridge Capital and Morningstar are collaborating on a newly-launched digital advisory platform that targets high net worth (HNW) individuals and US expats, which they believe are under-served in Asia.
Technology | 1 Nov 16
Robo-advisers will not ‘kill off’ traditional IFAs
Robo-advice will not kill off financial advisers but will instead help them cater to less profitable clients, according to chief executive of digital investment manager Moo.la, Gemma Godfrey.
Technology | 28 Oct 16
Nutmeg preparing to launch free advice chatbot
Online investment platform Nutmeg has confirmed that it is in the testing stages of launching its automated advice service.
Farringdon to launch Shariah-compliant robo-adviser in Asia
The Malaysian-based wealth management firm, Farringdon Group, said it plans to launch Asia’s fist Shariah-compliant robo-adviser in December.