RoboTeachUs

Robo-advice should be a holistic investment tool that educates investors

Many current robo-advice models fail to consider the investments investor already have, both outside and within superannuation, which could lead to poor outcomes for investors, InvestSmart said.

The online financial services portal argued robo-advice as it stands directs investors to risk-profile ‘matched’ portfolios, without a holistic approach.

Chief executive, Ron Hodge, said many online investment management tools expect investors to go along with robo-advice outcomes without educating them.

Curated from Robo-advice not holistic | Money Management

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