Private banks address digital advisory challenges

A big challenge for digital platforms offered by private banks – such as Credit Suisse Invest, which launched this week – is how they deal with the more complex products sought by wealthier, more sophisticated clients, note industry observers. As robo advisers typically offer fully automated portfolio management, private banks are increasingly depending on hybrid models – using a combination of man and machine, like Credit Suisse’s new tool – to provide relatively bespoke solution…