Allianz Global Investors, one of the world’s leading active asset managers, announced today the appointment of Matt Christensen as Global Head of Sustainable and Impact Investing. In this role, he will accelerate the growth of Impact Investing as part of the company’s growing private markets platform; lead the continued integration of ESG factors across AllianzGI’s existing range of public markets products, including stewardship activities; and support the development of new SRI products.
Financial advisors do not view robo-advisors as competition
A new study featuring financial advisors in the US shows that they do not consider robo-advisors a serious threat, and most do not expect to make changes to their business to address them. Only a few have reduced fees or improved services to better compete.
Grassroots® Research interviews with financial advisors in the US revealed that slightly less than two-thirds were somewhat familiar with robo-advisers, while slightly less than one-fourth were very familiar, and a few were not familiar. However, almost all sources said their clients are not interested in using robo-advisors/automated investment services for some or all investments, while a few said clients are somewhat interested.
Indeed, most sources have not noticed any impact from robo-advisors on their business, while a few have not personally noticed an impact but expect to in the future, and a few already have noticed an impact in various ways. Looking ahead, most do not expect they will make changes to deal with robo-advisors, because they do not view them as competition, while a few have made various changes, including fee reduction, unbundling of services and better explanations of their fee structure to clients.
Meanwhile, most sources have not had direct experience using robo-advisors for themselves or their clients, while a few have. In addition, almost all said they have not had clients use robo-advisors and then switch back, while a few have. Most sources have not noticed any reduced willingness among clients to pay for a personal financial advisor due to the increasing availability of free online information for personal investing, while a few have or expect to in the future.
Grassroots® Research is a division of Allianz Global Investors that commissions investigative market research for asset-management professionals. Research data used to generate Grassroots® Research reports are received from independent, third-party contractors who supply research that, subject to applicable laws and regulations, may be paid for by commissions generated by trades executed on behalf of clients.
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Not all the world is in the same point in the business cycle, but some countries are certainly later-stage than others. Investors should assess how their holdings might perform in a downturn and look to actively select high-quality securities. A metric called the “financial cycle” can also provide a helpful way to measure an economy’s fundamental health.
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