Professional Refresher

Robo-Advice
Refreshed February 2022 | CPD time: 0.75
The term ‘robo-advice’ generally refers to the development of web-based systems which provide investment advice or portfolio management to clients without the (direct) involvement of a human adviser. Such a system has a number of attractions, particularly the potential to provide consistent and robust investment services to clients at a significantly lower cost than is currently possible. The concept’s detractors, however, state that there are inherent complexities in providing investment advice that fully reflects all of a client’s unique personal needs and circumstances. This module provides an understanding of robo-advice, the definition of advice, and the implications of giving it, the impact of the Financial Advice Market Review, and the way ahead.
1. Introduction
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2. The Advice Gap and the Cost of Advice
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3. What is Robo-Advice?
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4. The Financial Advice Market Review
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5. The Implications of Giving Advice
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6. The Commercial Landscape
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Module Test
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