Trustees of self-managed super funds (SMSF) in Australia are turning their noses up at robo-advice, assuming no human involvement. The trustees are mistakenly under the impression that every service offered by a robo-adviser is automated, according to Pat Garrett, CEO at Six Park. Garrett said he was surprised when his company received an email from SMSF asking him for feedback on its new automated investment advisory service.
Trustees of self-managed super funds (SMSF) in Australia are turning their noses up at robo-advice, assuming no human involvement. The trustees are mistakenly under the impression that every service offered by a robo-adviser is automated, according to Pat Garrett, CEO at Six Park. This often isn't the case with many robo-advisers opting for automated administrative services while retaining a human to oversee asset allocation.