A roundup of daily robo-advice news
Robo-advice news from around the world, summarised daily.
Barclays has launched new funds designed to compete with robo-advisers.
The bank’s “Ready Made Investments” will allow customers to build a portfolio by investing in a single Barclays fund.
Customers can choose funds for risk and investment goals. The funds are actively managed and charge between 0.5-1.5 percent.
Italian robo-adviser Moneyfarm has plans in motion to release its own SIPP in an effort to expand its product offering.
New SEC Chairman Jay Clayton will increase scrutiny of robo-advisers as part of an industry-wide survey on retail investor protection.
The survey will look at how firms use robo-advice and how automated services are changing investment advice.
This article was originally published on www.roboadvicenews.com.