Posts tagged digital advice
Curated Content: The Future of Advice

Robo-advice, and other technological applications, may have had less immediate impact than some participants predicted, but they're also likely to have a more profound impact than other participants expect. It's difficult to predict the future so we offer you some tools and insights to assist you - Starting with John McDuling's "Behind Spaceship's ASIC fine: drama, tension and false funding news"  we add Gartners 'hype cycle', Mercer's Robo-advice report and Wired's excellent article "Beware of Roboadvisors Bearing Low Fees" 

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Robots, regulation and redundancies.

Digital advice is the topic du jour for licensees facing rising costs, shrinking margins and a war for talent but it's not a plug and play solution. Despite the appeal of fintech, they'll still face heightened scrutiny, compliance hurdles and distribution challenges. If you're just dipping your toe into the water, this report from Planet of Finance is an excellent place to start. 

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The “promise” of digital advice

As financial services experts, we know that investors who do not use advisers, underperform when compared to the annual average returns to the market. We also know that studies have also shown that poor investment results are often a direct result of the investor’s behaviour, rather than the performance of the portfolio or its underlying assets. It should be obvious that automating some decision-making processes will help investors make better investment decisions and achieve better outcomes. So how do we explain the industry’s hesitation to embrace digital advice?

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