Simplified advice

New hires for launch

Vanguard has unveiled its ‘robo' advice offering in the US, which provides portfolio management for investors with minimum assets of $50,000 and charges as little as 30bps per annum.

The Financial Conduct Authority (FCA) has set out its final definitions of regulated advice and personal recommendations in retail investment, in a move it hopes will help firms develop 'low cost' distribution models with confidence.