Editor’s Picks 19 October 2015 at 2:37 GMT

'Robo' investment advice can't automate hopes and dreams

The Australian Financial Review
Technology has come along to disrupt financial planning, in the form of online “robo-advice” tools. In the US, robo-advice tools ask customers about their income, life stage, risk appetite and investment funds, and then algorithms allocate customer money to products that match their profile. “Robo-advice is better than no advice, provided that there's the appropriate disclosures, and people know what they're getting through these robo-advice propositions”, says Ian Pollari, head of banking in Australia at KPMG. On the other hand, good advisers know all about your dreams and aspirations, a lot about your health scenario and family health history – stuff that can't be automated.
Read full article at The Australian Financial Review

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