Singapore rolls out the red carpet for robo-advisers

(June 12): Singapore is thinking of making life easy for robot advisers.

It's a good idea to let low-cost, algorithm-based wealth managers have their shot at upending the marketplace for financial advice. Clients, especially millennials, are reluctant to pay top-drawer fees for unappetizing returns. The robot-wallahs claim to do a more efficient job, more transparently. They deserve a chance to prove it.

Still, there are risks, and not all of them are equally obvious.

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