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Asset allocation and investment advice services will face the greatest challenge from recent fintech developments, according to Macquarie, with robo-advice platforms predicted to see rapid improvement.
Speaking to SMSF Adviser, Macquarie chief investment officer, banking and financial services, John O’Connell, said the industry is seeing only the beginnings of robo-advice, with many of the offers on the market currently based on a fund of funds model where the robo-adviser invests in an underlying menu of ETFs.
Read the full story at SMSF Adviser.