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Banks gear up for online assault

Competition is hotting up, but advisers still have a role to play

Market trends, hot investment funds and new sophisticated financial tools are being made available at the touch of a few buttons as banks add bells and whistles to attract investors and advisers.

Deutsche Wealth and Asset Management, for example, has dramatically expanded the range of funds on its platform, including online access to real estate, private equity and hedge funds from leading managers such as Brevan Howard, Omega, Third Point, Paulson & Co, Tudor and Marshall Wace.

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