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Why robo-advisors look set for malfunction

There has been a lot of noise about the provision of low-cost, automated strategic asset allocation portfolios to retail clients. But the economics doesn't add up, says Morningstar.
Why robo-advisors look set for malfunction

Fund research firm Morningstar has questioned the viability of robo-advisors, pouring cold water on their potential threat to wealth and asset managers.

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