Gosling's Grouse: The forces of change in investment

Who, or what, will disrupt financial advice and asset management? Will it be technology? Robo-advice? A new entrant we have not thought of? All of the above? Or none of them?

Of course, if we bank on things staying the same then there is a fair chance we will go the way of the dinosaurs. The analogy holds up because, as a far as scientists can tell, dinosaurs did not get wiped out overnight. It occurred over a number of centuries. Change occurs more slowly and more gradually than many realise. Of the $280trn of assets that are invested worldwide, approximately half is invested in cash and real estate; a figure that has not changed since the 1800s. Ironically, cash and real estate were the 'disruptor' asset classes in the 1800s and replaced insurance and tr...