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Robo-adviser waives fees to prevent market 'gambling'

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8 May 2020 by Aleks Vickovich, AFR

Article link: https://www.afr.com/companies/financial-services/robo-adviser-waives-fees-to-prevent-market-gambling-20200507-p54qns

Professional financial advisers play an important role in stopping consumers from engaging in this kind of reckless, short-term investing, but affordability of advice remains a major hurdle, Mr Garrett said.
The average fees for professional financial advice surged to almost $3000 per client per annum in 2019 amid increasing regulations, according to research house Adviser Ratings.


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