Outsurance is to acquire a 25% stake in passive investment manager CoreShares, as the insurance company’s robo-adviser, Outvest, goes live. The acquisition complemented Outvest, an online, automated advice business, the companies said in a statement on Monday. “CoreShares’ index portfolios are integrated directly into the advice algorithms developed by Outvest. Having worked closely with CoreShares over the last two years in the development of Outvest, and through direct balance sheet index investments, we believe CoreShares is poised to become a dominant player in the passive investment market,” Outsurance CEO Willem Roos said. Robo-advice, which refers to automated, online advice, threatens to disrupt traditional financial advice models. Some of the world’s largest asset managers, such as BlackRock and Vanguard, are investing in robo-advice platforms. In SA, financial advisers, to more effectively service their clients, are predominantly using these platforms, although there are p...

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