Fitch: Wealth Managers Have Opportunity in Automated Advisory

April 14, 2015 2:49 PM

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(The following statement was released by the rating agency) CHICAGO, April 14 (Fitch) Automated investment advisory services for individual investors have emerged as another pressure facing active investment managers, says Fitch Ratings.

However, Fitch views automated advisory as an opportunity, for a growing number of wealth managers, particularly given the highly scalable nature of the business. We also see accompanying risks and challenges. Leading wealth management/discount brokerage-focused firms such as Schwab and Vanguard hav...

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