Written by FT Adviser
Simon Bussy, principal consultant at Altus Consulting, said: “It could be a threat for some advisers. Robo-advice covers a huge breadth of propositions.
Half of the companies in the first wave of the Financial Conduct Authority's advice unit have either launched a low-cost advice service or will be doing so imminently.
Over the last ten years it has become increasingly possible to turn bright technology ideas into smooth, working, scalable solutions, writes founding director of Altus, Kevin Okell.
A new piece of legislation is expected to help banks re-enter the advice market and consolidate their clients’ pension assets.