Posted on 1, January 2018
in Category EARLYFIN Blog
Democratising finance: The digital wealth management revolution
Juergen Braunstein, Marion Laboure 11 November 2017
Despite specialised press coverage, little is known about the potential wider socioeconomic implications of digital wealth management solutions. This column examines how ‘robo-advisors’ offer an opportunity to democratise finance and decrease wealth inequality. These algorithmic investment advisors stand to disrupt the wealth management sector through their ‘low-cost, accessible to most’ business models. However, the entrance of traditional wealth managers into the robo-advisor market could threaten this disruption.