Robo advice revolution to continue post-pandemic
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In this edition of the NMA podcast, reporter James Fitzgerald speaks with Anthony Morrow, founder of Manchester-based digital advice firm Openmoney.
Morrow tells Fitzgerald that the FCA is right that digital advice is the way forward, and has proven its value after every financial adviser in the country was forced to work remotely - and therefore provide digital advice - after the Covid-19 pandemic hit the UK last March.
In addition, Morrow said that Openmoney has had an excellent year despite the pandemic, and that the business’s new initiatives and offerings which he launched this year will make it a ‘one-stop advice shop’ in the near future.
He also says the FCA has a ‘tough job’ in regard to tackling scams, especially with would-be investment ‘gurus’ using social media to spruik untruths.
Morrow tells Fitzgerald that the FCA is right that digital advice is the way forward, and has proven its value after every financial adviser in the country was forced to work remotely - and therefore provide digital advice - after the Covid-19 pandemic hit the UK last March.
In addition, Morrow said that Openmoney has had an excellent year despite the pandemic, and that the business’s new initiatives and offerings which he launched this year will make it a ‘one-stop advice shop’ in the near future.
He also says the FCA has a ‘tough job’ in regard to tackling scams, especially with would-be investment ‘gurus’ using social media to spruik untruths.