Nothing to fear from robo-advice: MagellanBY DARREN SNYDER | MONDAY, 25 SEP 2017 12:28PM Magellan Asset Management chief executive and chief investment officer Hamish Douglass believes financial advisers should not fear robo-advice in an era where artificial intelligence and big data can dominate discussion. Related News |
Editor's Choice
ASX launches first Australian bond and credit index futures
ASX has launched Australia's first exchange traded bond and credit index futures, giving institutional investors a new way to manage exposure to the domestic fixed income market.
Second bidder emerges for Equity Trustees
Following TPG Global's initial bid for Equity Trustees' holding company last week, a local investor has joined with an improved offer.
HESTA reduces fees, minimum balance for income stream
HESTA will reduce administration fees and lower the minimum balance required to start an income stream account from September 30.
AMP North appoints head of strategic growth
AMP North has appointed Emma Kirk as head of strategic growth, marking her return to the financial services giant after two decades.
Videos
Brought to you by ![]()
Further Reading
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Andrew Gregory
CHIEF ADVICE OFFICER
UNISUPER
UNISUPER
After 25 years, Andrew Gregory remains motivated by the impact financial advice can have on Australians' lives. As UniSuper's chief advice officer, he is not slowing down on any of his current ambitions. Matthew Wai writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
Spot-on. If you're worried that robo-advice is going to cut into your business, then it probably will. You'll know why you're worried and will need to revisit your value proposition.
For the majority of advisers who coach and counsel their clients, robo-advice will just mean that the mundane aspects of their service can be automated - allowing them to help more clients and continue to make a profit.