Robo-advisers were selected as the preferred investment provider by 4% of the UK's mass affluent investors, a sharp increase on the 1.3% seen in 2018.
Goldman Sachs has acquired a large stake in robo adviser Nutmeg, investing £45m in the business as part of the deal.
Robo-advice firm Nutmeg is piloting a full financial advice service.
A former Nutmeg boss has moved to take a new role at investment and wealth management group Walker Crips.
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