Who is robo advice really helping?
Is robo advice another nail in the coffin for those who already feel disengaged with our super system?
Alex Burke
August 28, 2017
Is robo advice another nail in the coffin for those who already feel disengaged with our super system?
As wealth management transitions from a transaction-focussed service to a more goals based approach, advisers will need to adjust their business models to meet these new expectations. However, as Rebecca Jacques, general manager of the Association of Goals Based Advice (AGBA) writes, this will also bring about a quiet revolution in terms of the evolution of trust; between clients and advisers and the industry as a whole.
Although managed accounts have been around since the late 1990’s they have only recently been making headline news. A recent Association of Real Return Investment Advisers (ARRIA) roundtable saw a panel of practitioners talk about the challenges of implementing goals-based advice and how managed accounts are assisting in this space. Supporting the ARRIA roundtable panel discussion were a number of the new managed account entrants including Mason Stevens, Managed Accounts and OneVue.
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