Robo-Advisor (Robo-Adviser) Definition

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Robo-Advisor (Robo-Adviser) Definition
Other common designations for robo-advisors include “automated investment advisor,” “automated investment management”
and “digital advice platforms.” They are all referring to the same consumer shift towards using fintech​ (financial technology) applications for investment management.
A typical robo-advisor collects information from clients about their financial situation
and future goals through an online survey, and then uses the data to offer advice and/or automatically invest client assets.
Robo-advisors (robo-advisers) are digital platforms
that provide automated, algorithm-driven financial planning services with little to no human supervision.
All of them provide some combination of investment management, retirement planning and overall financial advice
In contrast, human advisors do not normally take on clients with less than $100,000
in investable assets, especially those who are established in the field.
Assets managed by robo-advisors are not insured by the Federal Deposit Insurance Corporation
(FDIC), as they are securities held for investment purposes, not bank deposits.

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