$1bn Canadian robo giant set for September UK launch
The UK is fertile ground for robo-advice with many people unable or unwilling to pay for financial advice. In addition, the UK’s population appears relatively tech-savvy and has embraced e-commerce in many aspects of their lives. Our research indicates that up to 15million people in the UK would be willing to pay for robo-advice across six financial markets. Key to success will be building engaging and easy-to-use websites that give the customer a seamless experience across online, phone and face-to-face advice channels.
Wealthsimple, a Canadian robo-adviser with $1 billion (£592 million) in assets under management, has announced that it will launch into the UK in September. Wealth Manager revealed in May that the robo-adviser was preparing to launch in the UK after gaining authorisation from the Financial Conduct Authority.