One popular term that has emerged since 2010 from the increasing adoption of automation in the financial world is ‘robo advisor’. The term is now synonymous with automated personalised investment advice and optional automated discretionary investment management.
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’).
This is a common question asked by many young people who have just started their journey to save for their future. If you have this question, then I am glad that you intend to invest for the long term. I am also glad that you are open to seeking the help of an expert to help you make your investments.
