Robo-Advisors fall short of expectations

Automated investment programs, so-called Robo-Advisors, are not being properly accepted by consumers in Germany, according to consulting firm Oliver Wyman. Many suppliers have underestimated the costs of customer acquisition and the importance of existing major brands. In addition, Robo-Advisors serve a rather small niche clientele: digital-affine investors interested in securities. heise.de

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