Part Two Robo-advisor
What Is a Robo-Advisor?
Robo-advisor is a digital financial advisor that provides financial advice or manages investments with moderate to minimal human intervention.
Robo-advisors are designed to deliver advice digitally based on inputs received from the investor.
Home Ownership
Education
Savings
Retirement
The Algorithm Logic
Robo-advisors use algorithms to understand and predict investor preferences, risks and goals.
Usually, they do this by asking a set of psychographic and demographic questions that leads to a model portfolio.
Some of the benefits of robo-advisors include:
- Easy access
- Free of human bias
- Comprehensive services
- Tracking your investment priorities