"A survey of consumers across 15 countries, including 1,000 in the UK, found only 3% in Europe would be willing to give up control over their finances and let a robo-adviser act on their behalf without them first giving the go-ahead."

"Investec said clients can see the funds in their portfolio so they know where their money is invested, and will also receive monthly video updates from their investment managers about how their portfolio is performing and any changes that have been made on their behalf."

"TIAA introduced a robo-advice offering on Tuesday that includes a broader range of investment choices than most other digital advice platforms."

"The expansion of BlackRock’s digital efforts comes as fund and wealth managers globally look to overhaul their distribution models amid tougher regulation, pressure on fees and the changing investment needs of a younger generation."

"After years of pursuing millionaire investors, Morgan Stanley is opening the floodgates to its financial advice services for the mass affluent — albeit through its robo platform only, the Wall Street Journal writes."

"The firm’s robo service will cost .45% of AUM annually. It will give investors the option to further customize their portfolios around a focus on sustainable investments or other socially responsible investment themes."

"Wealthsimple, a Canada-based online investment management service, is coming to the UK. The announcement comes hot on the heels of Wealthsimple’s initial move outside its home market – to the US."

"This is just BlackRock’s latest robo-advisor deal. Four years ago it took a stake in then-startup Personal Capital, and in 2015, it bought FutureAdvisor. It invested in iCapital Network late last year."

"The funding round, conducted alongside existing investors HV Holtzbrinck Ventures and Tengelmann Ventures, is one of Europe’s largest for a digital investment manager to date, and brings Scalable Capital’s total funding to €41m."

"You may have been drawn to the robo-tech of your dreams because of its fancy bells and whistles, a long list of features, and the nitty gritty details of what makes it great. But when marketing the platform to your clients, put yourself in their shoes. At the end of the day, they might not care about what makes your tech the hottest on the market. They care about how it will benefit them and help them pursue their goals."

“Considering the function they provide, robo-advisors are more sustaining than disruptive. The process of investing has not changed; the current crop of robo-advisory solutions are built as an enabling interface on top of the existing methods of investing.”

"There are a lot of people in the UK who aren't getting the tools and advice they need to live their best financial lives, and in particular young and first-time investors. We’re really excited to introduce our first UK clients to the simple, smart, accessible service Wealthsimple is known for.”

"It is also part of our mission to make intelligent investing available to a lot more people out there, whether its through our D2C business or indirectly. I think BlackRock will open many doors for us to help financial institutions deliver a great service to their customers."

"Automated advice services are in their relative infancy. At this time, most focus on the accumulation phase of saving. We are now seeing a handful of decumulation services emerge and several more are in the pipeline: currently, if you are looking at the latter, you will significantly limit your options."

"The fact that people are reluctant to cede control over a decision - even when the outcome from outsourcing the choice could be more beneficial - explains why so few would hand money choices to a robo-adviser, ING said in its report."

"Morgan Stanley is going deep into the robo game with the launch of a new service. After many years of focusing on very wealthy clients, the new offering, called Morgan Stanley Access Investing will be targeted at clients with as little as $5,000 to invest. The idea of the service is that clients would start at the lowest levels, but then as their accounts grew larger and more complex they would seek the service of a human advisor."

"The expansion of BlackRock's digital efforts comes as fund and wealth managers globally look to overhaul their distribution models amid tougher regulation, pressure on fees and the changing investment needs of a younger generation."

"The millennials now entering the market are the consequence of connectivity; a tech savvy and financially literate generation, highly knowledgeable about investments and informed of systemic risk. The direct result is an investor who demands transparency, real returns and convenience. Being well-informed, this investor is known to be generally distrustful of investments and advice fees."

"To understand the increasing popularity of robo-investing among investors, we need to understand the advantages that investors get by seeking advice from robo-advisors. There are many advantages of robo-investing."

"The answer is probably because Schwab is one of the largest banks in United States and also one of the largest brokerage firms. Once you can get someone to open a brokerage account, banking account, or robo advisory account, you can easily cross-sell them all your product offerings. It would be interesting to know how much AUM in these intelligent portfolios came from people who were already clients of Schwab."

"The Fidelity robo-advisor is designed for investors who prefer to have their money professionally managed. This Fidelity robo advisory review drills down into the platforms details. You’ll need a minimum initial account deposit of $5,000 in order to get started. You complete a questionnaire that forms the basis of your portfolio allocation, and then Fidelity Go handles all of the investment management for you."

"Typically, the investment process consists of a risk questionnaire together with information about the client’s financial goal. The data is then analysed, and the platform will suggest an investment portfolio. Robo-advisors usually have a number of pre-constructed investment portfolios, which they recommend by matching an investor’s risk appetite with the portfolio’s risk level."

"Now Acorns has released an update of its app with features aimed at boosting how much customers save. And it’s looking ahead to offering more than just its saving and investing tool amid stiffening competition in the emerging business of automated money management."

"The wirehouse’s robo-advisor, scheduled to go live this fall, will have a minimum investment of just $5,000, according to recent SEC filings cited by the paper. The platform will rely on algorithms to assess the client’s risk profile and recommend portfolios of mutual funds and exchange traded funds, according to the filing."

"There is a fair amount of evidence from investor surveys that millennials and women are especially interested in sustainable and impact investing.”