Your portfolio
26 / 27
[ ROBO-ADVICE ]
Anthony Luzio finds that robo-
advice is not just for novice
investors
Pushing
the right
buttons
T
he law of unintended
consequences has come
to be used as a warning
that an intervention in
a complex system often creates
undesirable outcomes – and nowhere
is this more apparent than with the
Retail Distribution Review. While
aimed at improving the outcome
for end investors by improving
transparency, the major impact of
regulations such as abolishing trail
commission was the creation of the
advice gap – meaning most financial
advisers will not take on clients with
a portfolio of less than £250,000.
One of the services that has sprung
up to fill this gap is robo-advice.
Simply put, this is an online service
that asks a series of questions on
FE TRUSTNET
The major impact of
regulations such as
abolishing trail commission
was the creation of the advice
gap – meaning most financial
advisers will not take on
clients with a portfolio of less
than £250,000
trustnet.com