Fees and a high minimum deposit were the downfall of Investec's Click & Invest, a wealth analyst says.
Following yesterday’s news (16 May) that Investec has closed their robo-advisor platform after it racked up £26 million in losses, GlobalData wealth management analyst Sergel Woldemichael says similar will indeed become more prevalent.
Investec initially set the Click & Invest minimum investment at £10,000, but lowered this to £2,500 in January, presumably as it struggled to attract more c...