FINANCIAL SERVICES
For such investors , passive investment strategies that leverage ETFs for exposure are much more efficient , compared to active strategies which involve additional fees and costs . As these investors ’ net worth improves and their situation becomes more complex , investment managers can transition to a human advisor to help them navigate their financial future .
Boris Redfern , Head of Buy Side at Levenue : The investing business is a people business first and foremost . The true added value of investment advice is the trust between client and advisor , and this can even outweigh net performance in terms of importance to some investors , especially older investors . With that said , investment managers can leverage robo-advisory services to streamline their operations in the following ways :
• Advice : Robo-advisors provide automated , personalised financial advice using algorithms that assess individual investor profiles , goals and risk tolerance , enabling investment managers to deliver tailored recommendations efficiently and at scale . fintechmagazine . com 121