On the ETF Strategy blog, Alan Miller, founding partner and Chief Investment Officer of SCM Direct does not think very highly of robo-advisers.SCM Direct: Robo-advisors are ‘financially unviable’
It takes too long to turn a profit, longer than clients are willing to keep their money
There are several regulatory issues relating to reporting of performance, advice given or not given to clients, and fees and charges.
Mercer has released their 2016 European Asset Allocation survey.
- Lower bond exposures
- Smaller UK plans are more exposed to Brexit-related volatility
- Institutional investors still like emerging market
- Cashflow concerns are increasingly driving the investment approach