Robo-advice News Wrap: Accenture finds 40% of customers happy to go robo

By David Tuckwell on Tuesday 13 June 2017

Savings and Investment

There have been many studies of robo-advice. But this one is positive.

Robo-advice news from around the world, summarised daily.

Polls and surveys on robo-advice have been thick and many of late, but the latest by Accenture is unusually optimistic. Four in 10 customers believe robo-advice will be faster than traditional advice and the same number want to use robo-advisers alongside financial advisers, the report found. Traditional advisers were most popular when customers wanted new and complex financial instruments, it concluded.

British banks have no desire to build robo-advisors, says Rob DeDominics chief executive of Aussie software company GSBT. DeDomincs' company, which helped build robo-advisers for Aussie banks, says he would happily do the same in London but there is no demand.

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