If a firm categorises itself as a robo-adviser, we believe the firm should give personal financial advice. That is, if a firm that identifies itself as a robo-adviser cannot give personal financial advice, then our view is that it cannot be termed a robo-adviser.
If you are an expert in investing, have the time needed to do regular research, and have the discipline to stick to an investing methodology objectively, then you can do your own investing.
The robo advice industry is still nascent. We are still in the early-days of this industry, even though this industry has been evolving since last 10 years.
In Australia, the regulatory authority has played an important role for the emergence of digital advice (also known as ‘robo-advice‘ or ‘automated advice’).