Investors over the age of 50 take a shine to robo-advisers

Digital platforms are making it easier to invest in higher-yield assets amid low interest rates

New: Gift this subscriber-only story to your friends and family

Investors over the age of 50 are taking a greater liking to robo-advisers, which have tended to be more popular among the younger folk.

It helps that these digital investment platforms are becoming more mainstream and making it easier for people to invest in higher-yield assets like equities amid the low interest rates now prevailing, Mr Kelvin Goh, head of wealth advisory at OCBC Bank, told The Straits Times.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on July 05, 2021, with the headline Investors over the age of 50 take a shine to robo-advisers. Subscribe