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Robo-Advice Increasingly Popular for Investment Plans

Monday, September 11, 2017

Financial advice from a robot is becoming increasingly popular as people believe it will be faster, cheaper, and more impartial than human advice. Consultancy firm Accenture found that 68% of global consumers would be happy to use robo-advice to plan for retirement with customers feeling awkward with face-to-face discussions over financial planning. Robo-adviser firms use algorithms to analyse your financial situation and goals and then work out an investment plan to suit you. Many of these robo-advisers will offer human advice as well to, support you if your finances are more complicated or you need tax planning services as well, another example of automation supporting the generation of more specialised jobs for human workers. You can read the full report on the BBC website.

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