View more on these topics

Rating the robos: Ian McKenna launches robo-advice review service


Advisers will have access to independent reviews of 20 robo-advisers through a new service from the Finance and Technology Research Centre.

The service, called Digital Wealth Insights, will add a further five to 10 reviews of robo-advisers each month.

The 20 firms are broken down into non-advised investment, advised investment, personal financial managers, and microsavings tools.

There are two levels of reporting available through the website – a free report on each proposition and a more comprehensive report available to subscribers.

The robo-advisers are analysed according to categories including pricing, target audience, strengths and areas for improvement, products, functionality, and investment vehicles.

F&TRC also gives each offering a “heart-rating” ranging from one to five based on a subjective perspective on how their analysts feel about each organisation’s potential to transform the way people manage their money.

F&TRC director Ian McKenna says: “There is a wealth of research in this area but the challenge is that because of the diversity of propositions it is very hard to compare these services consistently, as so many services are trying to do different things. To address this challenge, we started by creating a clear model of all the different types of services and the key components in each one. Using our model, we can produce more effective comparisons which can highlight the differences between various offerings.”

He adds: “Importantly, we have also added our own opinions on the overall impressions the proposition left on us. There are many new offerings that have huge potential but haven’t quite realised it yet, although with time and investment they may do so. We wanted to recognise this potential in a way that objective metrics can’t always highlight. The size of this sector is vast and growing so we have started with a summary of some big players and also some exciting smaller ones and will grow the analysis month on month.”



Carney warns on systemic risks of robo-advice and fintech boom

Bank of England governor Mark Carney has warned that developments in financial technology such as robo-advice will pose a systemic risk if they are not monitored properly by regulators. Speaking at a G20 meeting in Germany, Carney said the ability of fintech companies to transform banking with the help of technology meant policymakers had to be […]


Mike Aldridge: Shape the robo-advice future or be ruled by it

In his 1992 book, political scientist Francis Fukuyama notoriously argued we were witnessing the end of history – or at least as we knew it – with the fall of the Berlin Wall more than just symbolically ushering in a new chapter in our development. Fukuyama argued this signalled the end of mankind’s ideological evolution, […]

Nick Eatock: How to beat the robos

The other day I came across the new words added to the Oxford English Dictionary in 2016: scrumdiddlyumptious, slacktivist and Foggy Bottom (I kid you not) are all there. But the word I was expecting to see – robo-advice – was not. Surely one of the most used terms in financial services this year, it […]

Allianz Technology Trust – April 2017

Welcome to the latest update for Allianz Technology Trust PLC from the Trust’s portfolio manager, Walter Price. Portfolio review The Trust’s NAV returned 4.3% , outperforming the Dow Jones World Technology Index return of 2.8%. In US dollar terms, the portfolio gained 4.8%. During the month, stock selection contributed to relative performance, and industry allocation […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. Kerry Nicolaides 31st January 2017 at 9:11 am

    Access to the service can be found at

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm