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 |
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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.