Robo-advice
BlackRock claims stake in European robo-adviser Scalable Capital
BlackRock has acquired a significant minority stake in digital investment manager Scalable Capital.
Demise of the machines as Macquarie closes robo-advice unit
Macquarie’s direct robo-advice service is to be shut down with its automated advice offering integrated into the bank’s wealth platform following the sudden death of founder and chief investment officer John O’Connell.
Science beats psychology in advice, says S Africa’s PCH
With South African clients focused on overseas investment opportunities, local wealth manager Private Client Holdings (PCH) uses investment science rather than psychometric testing to advise clients.
Human-robo combo has greatest chance of success
A combination of human and robo could be the answer for underserved Asian investors seeking low-cost technology-driven financial advice, a market that pure robo-advice providers have found hard to crack.
Chinese robo-advisers looking at data mining to stay ahead
Chinese robo-advisers are likely to use data to personalise their services, bringing clients closer to a private banking experience, according to Gregory Van Den Bergh of Chinese fintech developer Micai.