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Digital advice AUMs to reach nearly US$500 Billion by 2020

Robo-advisers are expected to appeal to an “expanding interest in passive investing”  as it grows to a forecast US$489 billion in assets under management (AUMs) in five years, notes global research house Cerulli. Cerulli associate director Tom O’Shea anticipates “that most, if not all, retail direct firms will have a digital advice offering within the next three years, and traditional…

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