With the emergence and phenomenal growth of financial technology (FinTech) globally, has been the rise of Automated Advice Tools or what is otherwise referred to as ‘Robo-Advisers’. These are digital platforms that provide automated, algorithm-driven financial planning services with little to no human supervision. Essentially, this involves a computer programmer creating software that provides investment advice to the clients of a financial services firm, based on parameters that are tied to their investment strategy. Just imagine the convenience of being able to access financial advice from your smartphone or computer.
Read more here: Robo-Advisers Are Here. What should you know.