MS: Traditional Asset Managers Are Under Threat As Fees Shrink And Robo Advisors ProwlRupert Hargreaves
The money management industry is already under a significant amount of pressure from the rise of low-cost ETF’s, which are stealing business from relatively high cost underperforming mutual funds. And recently a threat has emerged in the form of Robo-advisers, low-cost asset management platforms that appeal to the younger generation who . . .
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