A roundup of daily robo-advice news
Robo-advice news from around the world, summarised daily.
Rich families whose assets form the heart of wealth management are on the fence with robo-advice. Some, especially the young, want better digital and online services and are open to robo. Many, especially the older generations who control the purse strings, want a personal relationship manager.
But everyone likes a bargain.
Australia’s Macquarie Bank is restructuring its robo service following the death of its chief investment officer. Robo will now be integrated into the wealth management platform rather than being offered as a separate service.