Brave new world: Should we all be scared of robo-advice?

Charles Stanley's head of investment management shares his views

clock • 4 min read

Gary Teper, head of investment management at Charles Stanley, argues it would be foolish for wealth managers to ignore the rise of robo-advice propositions.

I recently attended a wealth management conference where a member of the audience asked a panel of industry grandees whether they were concerned about the rise of robo-advisers and if it would pose a threat to traditional models in the future. I was surprised when the panel quite nonchalantly dismissed robo-advice as a fringe proposition that was unlikely to materially impact their businesses. This could prove to be a strategic error. M&A, rebrands and Lloyds push: The biggest wealth management stories in recent months Firstly, it is worth defining what we mean by robo-adviser. Sim...

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