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Robo-advice recognition is growing

Thursday 19 April 2018

Money Management

Money Management reports that robo-advice is growing amongst millennials; however, it is older Australians who provide a key opportunity for robo-advice operators.

A survey of 10,000 online investors and 1,425 financial advisers, conducted in eight countries, found that 22 percent of Australian share investors were familiar with robo-advice.

Australia was beaten by the US, however, which had 39 percent of share investors familiar with robo-advice.