Why robo-advisers are on the rise in Asia
Robo-advisers are set to slowly expand across Asia as investors seek to keep expenses down and banks aim to offer low-cost investment advice, argues Larry Cao of CFA Institute.
2016 underlined the slow but steady rise of robots across Asia.
The region witnessed the launch of several robo-advice services, such as Acorns, Clover, and Sixpark in Australia, Xuanji in China, Theo and Wealth Navi in Japan, Bambu and Mesitis in Singapore. This is just the beginning.
Independent robo-advisers have been around for a few years in the US, after launching amid the doldrums following the global financial crisis. Betterment, the first and largest independent such …
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