What is holding Aussie robo advisers back?BY KANIKA SOOD | WEDNESDAY, 14 AUG 2019 12:21PMHigher base fees, more complex fee structures and fewer investment options could be holding Australian robo advisers back from reaching the scale their American counterparts have, according to new research from Rainmaker. Related News |
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Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
In America, the major firms are actually encouraging personal advisers be added to robo-accounts. If we did away with Opt-In notifications and a lot of the unnecessary red tape cleverly imposed on non-aligned advisers, low income investors could afford to gain access advisers in Australia once more.