Despite the obscure buzzword, robo-advice is revolutionising the investment landscape and has implications for firms of all sizes.
While robo-advice may conjure up images of androids and fantasy landscapes, in the wealth management sector it has come to mean automated, algorithm-based portfolio management services. This is nothing new, except the wider public can now use these groundbreaking tools for the very first time – and they’re very game.
In this article, KPMG’s Matt Thomas and Andy Masters discuss the challenges for financial services in adapting to this new market milieu, the possible threats and fears surrounding it, and the way in which human and machine can work together in harmony.
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