Would YOU Trust a Robot with your Money?

The way we manage money, investment portfolios, tax affairs, debts and financial planning could all be replaced by a robot undertaking the tasks for us. Europa Trust Company Ltd investigates this new developing global trend.

Within the last few years there has been a rapid global increase in advanced robotics, self-driving cars, artificial intelligence and ‘machine learning’. These technologies will soon affect world economies as financial institutions look to implement these advances within a variety of industries. Financial firms in the USA, India, Australia, Canada and countries in Europe have already made use of “Robo-advice” and “Robo-advisors”

Robo-advice is whereby automated advice, transactions and even whole jobs usually reserved for humans are replace by robotic and digital applications. A robo-advisor is an online service that provides automated, algorithm-based portfolio management advice without the use human financial planners.

Those who support the trend for robot advisors and robot advice claim there is no longer a need to use expensive advice from a human adviser and that a robot can weigh up financial decisions faster and with fewer mistakes.

The World Economic Forum (WEF) predicted last month that by 2020 the global assets under management of robo-advisers will be an estimated US$ 255 bn. In addition to this prediction a study by academics at Oxford University forecast that 35% of British jobs will be lost to robots within the next 15 years.

However, at Europa Trust Company Ltd, we still believe a personal touch to our business helps our clients achieve their objectives. This means a dedicated human team member is always assigned to YOU and YOUR personal structure needs.

Working with Europa Trust Company Ltd

Europa Trust Company Ltd, part of the Europa Group, has been based in Gibraltar for 30 years and has built a reputation as a stable and reputable business.

We provide a comprehensive range of company and trust formation and management services including company and trust administration, corporate directors, shareholders and secretaries, accounting, marine registration and other associated services.

Our clients are an eclectic mix of international executives, authors, sportsmen, corporations, wealthy individuals, families and many more. Their individual interests and needs are at the centre of our focus.

Each client benefits from the experience and multi-jurisdiction knowledge of a dedicated Europa Trust Company Ltd professional. Europa Trust Company Ltd is able to work in over 31 jurisdictions around the World.

We are licensed and regulated by the Financial Services Commission and ISO 27001 (Information Security Management Systems) and ISO 9001 (Quality Management Systems) certified.