Discretionary Management  

Essay about robo-advice wins scholarship

Essay about robo-advice wins scholarship

Ben Manser of Coutts Crown Dependencies, Jersey, has been awarded the Hoare Nairne Scholarship 2017 for an essay he wrote about robo-advice.

The scholarship, worth £2,500 towards study costs, is awarded by the The Chartered Institute for Securities & Investment’s educational trust, supported by a donation from Charles Hoare Nairne.

The aim of the scholarship is to help the successful candidate study towards Cisi’s premier qualification, the Chartered wealth manager qualification.

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The qualification comprises three units: financial markets, portfolio construction theory and applied wealth management. 

It usually takes more than 18 months to complete the qualification, with exam sittings in June and December.

Scholarship candidates were asked to submit an essay analysing the advantages and disadvantages between using a robo-advisor and a human-advisor, from the customer’s perspective.

On receiving the scholarship, Mr Manser said: “I am thrilled and honoured to receive the Hoare Nairne Scholarship 2017. 

“The Chartered wealth manager qualification is the pinnacle of excellence within our profession and I am extremely grateful for the opportunity to be able to take on the challenge. 

“I hope that I can use it to develop my technical understanding of both individual products and services as well as markets as whole, allowing me to serve my clients better every day.”

Simon Culhane, chief executive of Cisi, said: “Ben submitted an excellent essay comparing robo-advice to human-advice. 

“We wish Ben every success in completing the Chartered wealth manager qualification and in his future career within financial services.”