Demand for face to face advice still unmet
The size of the Australian market for good face to face financial advice is still such that major dealer groups are taking a very measured approach to the use of robo-advice.
That is the assessment of Premium Wealth Management chief executive, Paul Harding-Davis who said the available evidence pointed to the demand for good face to face advice not being met any time soon.
However he said there was clearly a place for robo-advice within the advisory mix but that it needed to be positioned appropriately.
Referring to the manner in which robo advice was being viewed by Premium Wealth Management and its parent company, Australian Unity, Harding-Davis said the companies were watching the space carefully in the context of their broad service delivery to clients.
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