GCC Financial Advisors

by Forbes Middle East Forbes Middle East - Business News

The majority of GCC financial advisors do not find robo-advisors a threat to their business, a new study has revealed.

Recommended Features

robo advisors
Wealth Management
Investing

Learn more about GCC Financial Advisors»

Review on GCC Financial Advisors

According to EYs GCC Wealth and Asset Management 2017, about 35% saw robo-advice as an opportunity for their business in 2017 while 22% saw robo-advisors as a threat to their business. These figures indicate that wealth managers are finding ways to integrate artificial intelligence into their operations to attain optimum results.
Adapting early to the new reality will open the door to profitable future growth opportunities, says George Triplow, EY MENA Wealth and Asset Management Leader. The leaders will be those who harness blockchain, automated-advice, artificial intelligence and robotic process automation. The recent focus on particularly for crypto in the region set the scene for a dynamic landscape for institutions moving forward.