Woldemichael added the average account balances of the biggest UK robo platforms suggested robo-advice was "a mass market game," with excessive fees the reason investors didn't flock to UBS' robo offering.
We are pleased, however, to have entered into an agreement to sell the intellectual property relating to UBS SmartWealth
Profile and its solutions are characterised by technological innovation, competitive functionality, compliance to local and international standards
DeVere Core is the latest push into fintech for Green’s organisation, which has launched a series of groundbreaking app-based financial vehicles over the last year, including deVere Vault, deVere Crypto and deVere Investment.
Paolo Galvani, chairman of Moneyfarm, which has assets under management of about £400m, said he was "surprised" at the number of robo-advisers which are still coming to market.