Contrarian Investor: Robot wars are hotting up

Contrarian Investor: Robot wars are hotting up

The robot wars are starting to get exciting. I am not referring to the wonderfully strange TV programme of that name, rather to the inevitable showdown between those platforms offering Robo-Advice Mark 1: cheapest is best.

A few weeks ago, IG Group finally announced its first stab at a proper robo-advice killer, namely its IG Smart Portfolios service, in collaboration with BlackRock's iShares. The online broker - the service will run via its fast growing stockbroker platform - will be offering clients five risk-rated portfolios constructed by IG, using asset allocation insights from BlackRock's Aladdin service. BlackRock-partnered 'simplified online investment service' secures FCA approval The standout numbers are the management fees, which range from 0.65% down to 0.10% for those with over £250k in ...

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David Kimberley is an investment trusts writer at Kepler & Partners

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