In French language “rechercher le mouton à cinq pattes” ( lit. “searching for the five-legged sheep” ) is an idiom meaning searching for something that probably does not exist.
I would like to tell that I actually found what I was looking for, the client of a French roboadvisor, but I still haven’t.
It has been two years since roboadvisors got in France. I work in financial advise and asset management and meet regularly their potential clients. I am, as far as I know, in their theoretical target, as well as many of my friends and relatives. I often attend conference on the subject and exchange with participants…
But no. Still nothing. Still no client met. Impossible to find one. Neither from Yomoni, Advize, FundShop, MarieQuantier, WeSave… No a single one*. Yomoni was claiming around 1.500 clients at year end 2016, which seems good, but those 1.500 people seem to never bump into me.
*(to be honest I finally met one after publishing this post).