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Democratizing Finance: The Digital Wealth Management Revolution

| Nov. 11, 2017

Summary

Despite specialised press coverage, little is known about the potential wider socioeconomic implications of digital wealth management solutions. This column examines how ‘robo-advisors’ offer an opportunity to democratise finance and decrease wealth inequality. These algorithmic investment advisors stand to disrupt the wealth management sector through their ‘low-cost, accessible to most’ business models. However, the entrance of traditional wealth managers into the robo-advisor market could threaten this disruption.

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For more information on this publication: Belfer Communications Office
For Academic Citation: Juergen Braunstein and Marion Laboure.“Democratizing Finance: The Digital Wealth Management Revolution.” VoxEU, November 11, 2017.

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