Which advisers profits are under threat from robo-advice?
Fund and stock pickers face the greatest threat from robo advisers while financial planners and pension sales firms are safest, according to a report from Legg Mason, writes Rosie Murray-West in the FT Adviser.

The highest-margin part of the financial advice business is safe from being carried out by automated services because customers value the personal touch most in these areas, a global survey has suggested.