Warning to traditional advisers on growing digital threat 

A leading global wealth management consultancy has warned that traditional advisers need to respond to the growing threat from emerging digital competitors.

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Robo-adviser to close UK wealth business

EU-headquartered robo-adviser Scalable Capital is to close its UK business.

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Editor’s Comment: So is it all over for the robo-advisers?

 

I remember a few years back when I worked at another media business that we had a presentation from a senior bod about the exciting technological future awaiting the company.

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Robo-adviser Nutmeg’s CEO leaves the business 

Nutmeg, one of the best-known robo-advisers, has promoted chief financial and operating officer Neil Alexander to replace chief executive Martin Stead who is leaving early in 2020 to move overseas.

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