The robo-advisor firm also intends to launch in B.C. in early 2016 and to expand into the rest of the country by the end of next year
Many Canadian investors don’t seem to understand the impact of fees on their portfolios
It takes U.S. firms four years to recoup their client acquisition costs
Younger clients are turning to digital platforms, such as robo-advisors, as they’re accustomed to convenient and low-cost digital solutions in other services
The new platform allows clients to access an advisor by telephone or email seven days a week between 7 am and 10 pm
The expected rise of robo-advisors doesn’t spell the end of human interaction
Integrating digital advice platforms is a major challenge
The Scotiabank subsidiary is the latest among the banks or bank-owned firms to enter the emerging digital advice platform
Digitally delivered financial advice is already making inroads into the advisory business, with much more to come. Younger, less affluent clients are the main users so far
Robo-advisors’ KYC process must amount to meaningful discussion