Robo-advice
Technology | 5 May 16
Cost seen driving mass affluent investors toward robo-advice
Mass affluent investors are more likely to use a robo-advice service in place of a human financial adviser than higher net worth individuals or institutions, according to a survey by Australia’s Chartered Financial Analyst (CFA) institute.
Platform group Praemium posts 23% rise in managed funds
Australia-headquartered platform provider Praemium has posted a 23% increase in funds under administration (FUA) for the year to 31 March, 2016.
Technology | 12 Apr 16
UK millennials more likely to embrace robo-advice, says Legg Mason
UK millennials are more open to receiving financial advice from automated services, so-called robo-advice, than their counterparts around the world, a survey by global asset manager Legg Mason has revealed.
South Korea to introduce fee-based IFA model
South Korea’s Financial Services Commission (FSC) has announced plans to overhaul the country’s financial advisory sector, with IFAs set to provide independent advice while adopting a new fee-based only regime similar to the UK.
Technology | 22 Mar 16
Australian regulator to provide ‘robo-advice’ guidance
The Australian Securities and Investments Commission (Asic) has released a draft of its proposed guidance on providing digital financial product advice services, or robo-advice, to retail clients.