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 meet consumer needs.  Sergel Woldemichael, wealth management analyst at GlobalData, commented: "Whi...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?


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.