To robo or not to robo?

HAVE you ever contemplated having an investment account with a roboadviser? It's as easy and convenient as shopping for groceries or booking a taxi on your phone. Answer a few questions online, provide some bank details and within a few clicks you have an investment account invested in stocks and bonds.

Roboadvisers, or robos as they are known, are fintech companies that use technology to make investing easy and accessible for everyone. No need to go to a bank, no need to spend hours with financial planners or deal with stockbrokers. And surely, the slick websites that robos have, the sheer ease of operation and above all the name itself - robo this, bionic that, AI the other - must surely mean they are really smart investment companies. But do you really know what a robo does with the hard-earned money you may give them?

The Asset Managers