53% of younger savers prefer robo to human advisers

 

New research suggests that millennials, those aged 18-35, are increasingly likely to turn to robo-advisers although trust in human financial advisers remains high.

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75% of adults want face-to-face financial advice

 

Despite the rise of technology the overwhelming majority of adults (75%) would prefer face to face engagement with a financial adviser, research has found.  

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Robo-adviser Moola to close doors in February

Moola, one of the smaller robo-advice firms, is to shut its doors in February after changing hands several times over the last few years.

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Editor’s Comment: Why the robo threat is growing for planners

Until now Financial Planners have treated the threat from robo-advisers as a limited one - and they have been right to do so - but that attitude may need to change, according to a recent report.

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