Discover our new article “The robo-advisors reinterpret financial advice” in the french magazine Revue-Banque (May 2016).
With the upcoming robo-advisors in Europe, banks propose an automated investment advice in the presence of a bank advisor, targeted to a larger group of clients who are normally not eligible for private banking services.
In Europe the market is starting, with several local players in the UK, Germany, Switzerland, Belgium and France.
Based on model portfolios defined by the bank, the robot picks products out of the complete banking products catalogue. This could hardly be done by a physical advisor whom could not know the catalog by hard.