Barclays has launched a digital advice service to help customers invest.
In Brief:
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The service is for current account holders who are able to invest a minimum of £5,000.
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Plan & Invest includes active and passive funds through a managed portfolio.
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The bank has partnered with robo-advisor Scalable Capital.
What does this mean?
With more consumers taking an interest in investing, banks are starting to see the opportunity to diversify their product offering. The bank says that having a robo advisor will help it close the “advice gap” when it comes to investing.
