Whither robo-advisers as wealth managers


A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois, U.S., on Monday, Jan. 8, 2018. Charles Schwab Corp. is scheduled to release earnings figures on January 17. Photographer: Christopher Dilts/Bloomberg

ROBO-ADVISERS will soon be weaving their way into the very fabric of our society and our daily lives. No, I do not mean humanoid artificially intelligent beings in the likes of Asimov’s “I, Robot” or “The Positronic Man”, rather I am referring to digital investment management services that is rapidly gaining traction in Asia and very soon, right here on our own shores.

Perhaps, you may have heard of Betterment, Wealthfront and Personal Capital, three of the most widely used robo-advisers in the United States?

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

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