Kate Holmes, 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," says Holmes.
In the US the response to robo-advisers has been positive. She says the service is attracting a wide range of people, including wealthy individuals, and people in their 40s, 50s and 60s. "Maybe for not all of their assets but they are definitely testing the waters with some of their assets."