Wealth

Providing affordable, scaled advice will only be possible if advice practices overcome the myths around automation and implement digital solutions, according to roboadvice vendor Six Park.

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The assistant minister for fintech and financial services has said the government is weighing up whether regulators should assess compliance in the algorithms behind automated advice.

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The boss of the high-net-worth platform will step down from his role following the company’s acquisition by a listed managed accounts group.

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Investors should not be afraid to overpay for tech-focused names that are likely to continue to dominate the global share market as the US election and COVID vaccine progress inject more volatility, a global fund manager has said.

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The platform provider saw funds invested in its managed accounts climb in the year to September, despite the volatility in markets. 

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