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Let's Talk More About Robo-Advisors

Wealth Management firms are going through a dynamic shift—from a traditional approach to a trendy one—attracting millennials by introducing robo-advisory platforms. The drivers for these robo-advisor firms are account minimums which are in the low four-digit numbers, lower fee and demographic advantage. Robo-advisor services can quickly provide customers with well-diversified investment portfolios suitable for their risk tolerance and long-term investment objectives. Due to such convenient and low-priced service offered by this technology, a growing number of startups and traditional investment firms are also turning towards it. Here are some of these firms:

1. Nutmeg: Specializing in investments, ISAs and pensions, the company provides an online investment service that’s intelligent, straightforward and fair. Until now, the company has received $37.3 million in two rounds of funding. The company was founded in 2012 and has around 50,000 users. Nutmeg invests in a diversified portfolio tailored to client goals, such as for a pension, child's ed ...

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