ONLINE wealth management services, known as robo-advisers, are changing the financial landscape.A robo-adviser is an automated, algorithm-based portfolio management service that operates without the intervention of human financial advisers.Robo-advisers are most commonly found in the US, but the trend is picking up in Europe, Canada, Australia and India.In South Africa, there are a few players in the market namely 22seven, Satrix and more recently Sygnia, which launched its robo-adviser at the beginning of May.A robo-adviser acts mainly as a portfolio manager, and does not give broader investment advice.Part 1: Kate Holmes, co-founder and CEO of Belmore Financial, a US-based financial coaching, advice and education company, says technology has allowed us to do more, and has made life simpler for advisers and consumers."Technology is allowing us to do it better, smarter, less expensive, which allows us to spend more time on the client rather than spending time looking at spreadsheets...
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