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"...
38 VCTs raised funds in 2016-17
$4.4bn weekly outflows
Double the size of holdings in existing AR fund
Urging Treasury to appoint more women
China's debt could reach $7.6trn by year-end