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How Singapore’s wealth professionals could fall victim to the march of the machines

In print this week

How Singapore’s wealth professionals could fall victim to the march of the machines

Jeffrey Tan Published on Fri, Jun 30, 2017 / 12:02 PM GMT+8

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SINGAPORE (July 3): It appears that Monetary Authority of Singapore (MAS) intends to embrace the efficiencies that robo-advisers – defined by MAS as digital platforms that provide advice on investment products using automated, algorithm-based tools – can offer investors.

This could mean serious disruption for Singapore’s massive wealth management industry.

According to various estimates by industry consultants, robo-advisory platforms will grow rapidly over the next few years.

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