What the report does not tell is where they switch the funds from into ROBO e.g. may be they see it as a product and not as a substitute for advise
Wealth managers are significantly underestimating the propensity of ultra high net worth individuals to make use of automated advice services, the World Wealth Report 2015 shows. According to the report, released today by RBC Wealth Management and Capgemini 48.1% of HNWIs globally said they would consider having a portion of their wealth managed by an automated advisory service, while only 20% of wealth managers were of the view that their high net worth clients would do so. The highest differential was found in the Asia ex-Japan region where 76.3% of HNWIs said they would do so, compared to 19.3% of wealth managers, while the lowest gap was in North America where the propensity to use such services is only 33.5%, while only 17% of wealth managers thought their clients would do so.
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