Robo-advice news from around the world, summarised weekly
A weekly wrap of robo-advice news from around the world.
Big news this week was the Bloomberg piece claiming big banks are rolling out robo-advisors to entrench cronyism rather than remove it.
In the corporate world, major Nutmeg-backer Schroders is trying to become something of a robo-advisor itself, further automating many of its tasks. Meanwhile, the robo startup MoneyFarm has hit £260 million AUM. Nevertheless, it has clocked in another loss for the year.
This article first appeared on www.roboadvicenews.com