HSBC debuts with Robo-Advice Investment Service

HSBC is entering the robo-advisory market with the introduction of a new online service for asset management advice

The service uses data and algorithms and makes personal recommendations based on a person’s circumstances. It is expected to be available by the end of the year.

The bank says this will “open up wealth management opportunities for those who thought it wasn’t for them thanks to a lower entry point for investing.”

The timing is interesting because …

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