Italian investors open to robo advisors but with caution

More than half of Italians are ready to entrust the management of their savings to so-called robo advisors, but with caution, according to a study conducted by Schroders, surveying 1,000 investors.

Although 61% of Italian investors are open to online platforms offering investment solutions through sophisticated algorithms, 49% gave the possibility to interact with a counsellor as a condition. Only 11% of investors are ready to entrust robo advisors without such support.

The remaining 39% of investors surveyed by Schroders in Italy is split between those who say no to this possibility but leave the door open to it in the future (31%), and those who rule it out completely, feeling the need to have direct contact with a human being (9%).

In terms of demographics, Italian Millennials (those aged 18-35) seem more keen to exploit new technologies for the management of their savings — 70% is ready to entrust their savings to robo advisors, either on its own or with the support of a counsellor. This percentage goes down to 45% among Italian investors aged over 55.

ABOUT THE AUTHOR
Alicia Villegas
Alicia Villegas speaks Spanish and Italian and is Iberia Correspondent for InvestmentEurope. She was shortlisted for the Rising Star Award at the British Media Awards 2017 and Writer of the Year at the PPA Independent Publisher Awards 2016. Previously, she worked for almost three years at the seafood business website Undercurrent News as a market reporter. In Spain, she also worked for more than five years for several media outlets.

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