The onset of robo-advice

Would you trust your money to a robot that is a better investor than you?

Listen to those at the cutting edge where investing meets technology and they will tell you that robo-advice is the future. This new breed of DIY investing services can remove the need to pick shares, or funds and spread your risk across assets and around the world – all for a relatively small fee. Robo-advisers are flourishing in the US, meanwhile, the UK Government is looking at how financial advice can be made available to millions of people who cannot afford the eye-watering fees charged by some specialists. One suggestion is that technology or ‘robo-advice’ can plug the advice gap. We investigate the advantages – and perils – of automated advice. ….[READ]

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