Consumers trust robo-advice, to a point

Previous | Next   UK savers will limit their use of robo-advice to investments under £1,000, according to new research. This is an area gaining traction Stateside, but a study carried out by online investment site True Potential Investor shows that fewer than 10% of Brits would invest more than £5,000 in this way. Only 22% would trust ‘robo-advice’ as a full replacement to a professional financial adviser. David Harrison, Managing Partner at True Potential, says: “Technology certainly has a big role in the future of personal financial management and advice, but we are not there yet. None of the technology on the market can truly be described as robo-advice, which would require very sophisticated artificial intelligence to work properly. Technology enables consumers to make small investments where it would not…

Link to Full Article: Consumers trust robo-advice, to a point

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!