Wealth

The majority of financial advisers believe robo-advice represents a chance to tap into younger and lower-net-worth clients.

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Platform provider Praemium has acquired UK-based financial planning software provider Plum Software.

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Research house Investment Trends has found licensees are investing heavily into their planning software in order for advisers to better meet the requirements of FOFA.

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IRESS’s Xplan and Rubik's Coin have been named as the top two financial planning software applications.

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US-based financial planning guru Bill Bachrach has suggested robo-advice tools will decimate FUM-focused advisers, while 'values-based' practitioners will survive the automation trend.

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