Emmanuel Marot writes about the hybrid robo advice model in a blog post for Lend Academy; says he is not in favor of the hybrid model since machine learning can take care of the needs of investors noting that complexity nor human whims have proven to bring any value. Source
According to research by JP Morgan Asset Management and Platforum only 3 percent of advisers offer automated wealth management services; the main reasons were cost of implementing, clients not interested and concerns about security. Source.
Wells Fargo has announced that it will offer robo advice services through a partnership with SigFig; the robo adviser will first integrate with the community bank unit in 2017 to provide digital advice; the company plans to then introduce the service with brokers and clients. Source