Robo-advice preferred by 4% of UK mass affluent investors, up from 1.3%: GlobalData

clock • 2 min read

Robo-advisers were selected as the preferred investment provider by 4% of the UK's mass affluent population, compared to only 1.3% in 2018. Traditional players need to take notice to avoid losing clients to automated investment services, according to GlobalData, a financial data and analytics company. Robo-advisers provide financial advice online with minimal to moderate human input. Their rise in popularity is a result of players in the space continually expanding their propositions to me...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.