Robo-advice News Wrap: Barclays launches robo competitor

By David Tuckwell on Thursday 15 June 2017

Savings and Investment

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.

Read more at FT Adviser.

Italian robo-adviser Moneyfarm has plans in motion to release its own SIPP in an effort to expand its product offering.

Read more at Citywire.

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.

Read more at Financial Planning.

This article was originally published on www.roboadvicenews.com.

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