Robo-advice is a "fantastic event" for the industry as a whole and can prove to be a good opportunity for human financial advisers, believes Embark Group CEO Phil Smith.
If he were running a large-scale advice business, Smith asserts, he would be "embracing robo-advice, an execution-only technology, like it was the best thing that ever happened to me", adding it "amazes"...
To aid regulatory reporting
Has run Cautious Managed fund since 2011
Expected in next few weeks