Has a decade of robo-advice changed investing?

FT Adviser · Dec 17, 2021 · 32m

It has been a decade since Nutmeg launched as the first major British robo-adviser and since then, many start-ups have entered this space with the intention of disrupting investing but not all have succeeded.After several years of many private equity-backed launches, the number of new robo-advisers being launched has dried up and, if anything, the space is contracting. UBS Smartwealth, Investec Click & Invest, Moo.la and Scalable Capital have all quit the UK retail market. And earlier this month Canadian robo-adviser Wealthsimple joined them, by selling its client book to focus on its North…