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Get ready for the Ryanair and EasyJet of asset management

Robo-advisory will open up wealth management to millions in the way that low-cost airlines opened up air travel. Regulators mustn't stand in the way

When Ryanair started operating in 1985 out of Waterford airport in Ireland with a single plane that could seat just 15 people, it hardly seemed that it would upend the world of air travel. Equally, when the first startups began operating robo-advisory services in Europe, they hardly seemed likely to upend the world of asset and wealth management.

But there are clear parallels between the growth of low-cost airlines and the growth of the technology covered in this issue of Fintech News. And it is a reassuring comparison for asset management firms - and potentially consumers as well.

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