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RBS Goes to Robo-Advisors, Fires Hundreds; Real Advisor Requires £250,000 - Mish - Global Economic Analysis

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Beginning of the headline :The Royal Bank of Scotland fired 220 advisors and instead will use robots to answer customer’s investment questions. To talk to a real person you need £250,000. That’s about $362,000. RBS says this is what customers want. RBS Fires 220 Advisors Please consider RBS Cuts Hundreds of Jobs as FCA Approves ‘Robo-Advisers’. Royal Bank of Scotland (RBS) has announced that it will be switching customer advice services over to automated ‘robo-advisers’ as it cuts 220 face-to-face positions. The new onli... Read More

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