BFSI

Robo-Advisors - Complex algorithms and AI are proving popular in wealth management

  • MAR2178697
  • 14 Pages
  • September 2017
  • BFSI
Robo-Advisors - Complex algorithms and AI are proving popular in wealth management

Summary

Robo-advisors are a new category of financial service product that can offer some unique benefits to those interested in wealth management services. From start-ups to the biggest incumbent players, most institutions in the wealth management industry have their own services. Companies offering these products are capturing the desire for cheaper monthly rates, advice more heavily based on mathematics and fully impartial advice. Essentially what these companies are trying to provide or what is the long term aim of this type of product, is an AI wealth management service and the robo-advisor market today is a kind of halfway house between a traditional human advisor and what will eventually be the norm, when full AI tools role out in the future.

Scope

- Learn what a robo-advisor is and what it does.
- See the way robo-advisors are being offered and sold as products in the wealth management system.
- Examine how peoples attitudes are changing making robo-advisors more viable.

Reasons to buy

- Robo-advisors are a class of financial advisor that have recently arisen and which provide financial advice or wealth management services with little to no human help or input. Robo advisor is a very broad term and it can refer to any number of investment products that include an element of automation in their processes, this ranges from full account management removing the human element almost entirely, through to more efficiently mechanized systems of moving money in and out of investment portfolios with less human help.
- Robo advisor startups make all manner of lofty claims, from saving money over traditional advisors, to being completely impartial and being much better at providing analysis than a traditional advisor. However much of this is not yet actually true.
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