Robo-advisors haven’t replaced traditional advisors as many expected when they emerged in the early 2010s. Instead, they have widened the availability of advice and influenced how all firms serve ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Robo advice in the context of the financial services industry ...

Robo-advice can replace human advisers, who generally have a poor track record when it comes to investments, by removing financial incentives and risks from the process while being able to service ...

(Bloomberg) -- BlackRock Inc. urged regulators to increase scrutiny of robo-advisers as customers flock to automated services, lured by low fees and ease of use. Regulators should ensure digital ...

Robo-advice has been on everyone's lips ever since the government unveiled freedom and choice, but the idea of relying on a computer to guide important financial decisions has not convinced everyone ...

Members of Congress on Wednesday criticized the Department of Labor’s support of so-called robo advisors, saying the online automatic investment tools were not an acceptable alternative to ...

About a decade ago, the financial services world was abuzz with the concept of robo-advice – financial advice provided by a “bot” on an online platform. Basically, you could punch in details such as ...

Robo advice platforms in the UK are not replacing traditional financial advisers yet, according to Nick Hungerford, CEO of Nutmeg. His comments come less than a month after he was named as one of the ...

It seems that hardly a week goes by without another wealth management firm rolling out its robo-advice offering. Without question, providing robo-advice presents opportunities to tap into underserved ...

Technology and robo advice should not be regarded as an end in itself but as a means to an end, according to Industry Fund Services (IFS) chief executive, Bill Danaher. Speaking on a panel during the ...

VALLEY FORGE, Pa., Sept. 4, 2024 /PRNewswire/ -- Vanguard today announced that it will reduce the minimum asset requirement from $3,000 to $100 1 for its robo-advisor service, Digital Advisor, ...