Almost half UK wealth managers call robo-advice a 'threat'

Firm already launched robo-advice product in the US

Almost 40% of UK wealth managers are fearful of the threat robo-advice will have to their business, according to Vanguard.

In a survey of 70 UK wealth managers, Vanguard found the views of robo-advice were equally split. Almost 40% viewed robo-advice as a threat while almost 40% viewed it as an opportunity increase efficiency...