uk 's Association of Real Return Investment Advisers ( ARRIA ) has rubbed off on robo - advisers , questioning whether these services are providing investors with the correct advice . The organisation noted many robo - advice platforms advise n't advise towards specific goals , such as paying children 's school fees . Some robo - advisors also noted a high likelihood of achieving goals over the next 15 years with holdings in fixed - interest and cash , something ARRIA contests . Overall , the industry body of robo - advisers serve mainly as a means of selling cheap index funds .
Australia's Association of Real Return Investment Advisers (ARRIA) has sounded off on robo-advisers, questioning whether these services are providing investors with the correct advice. The organisation noted many robo-advice platforms can't advise towards specific goals, such as paying children's school fees. Some robo-advisers also noted a high probability of achieving goals over the next 15 years with holdings in fixed-interest and cash, something ARRIA contests. Overall, the industry body concluded robo-advisers serve mainly as a method of selling cheap index funds.