Contrarian: The big threats to active managers

We journalistic types love to talk about disruption, but change is threatening.

Take the Legg Mason 2016 Global Investment Study which revealed that despite a proliferation of robo or online only offerings in the UK, only a third of investors aged 40-75 in the survey (37%) said they trusted robo-advice. This compares to 69% of investors who trust their existing financial adviser. Just 33% of respondents added they were comfortable receiving advice through an online platform, well below the 62% who said they were comfortable with their financial adviser. Despite the findings, I am confident disruptive change is coming, but I admit we might have to wait at least a ...