The stakes for Robo-Advisors seem to be increasing exponentially as the big wealth managers enter the market. Does Investment versus profit and the time taken to get to break-even, limit the opportunity for small start-ups to enter this market and remain independent?
Competition in the robo wealth market has increased with UBS Wealth Management launching a digital platform. The platform, called UBS SmartWealth, will bring the expertise of one of the world's largest private banks to a new audience. The new platform, which has been developed over the last 12 months, uses proprietary technology.