robo advisor

robo advisor

Software that suggests how people should invest their money. After entering a person's age, current assets, goals and other information, the robo advisor prepares a report that recommends how much should be allocated to stocks, bonds, annuities and other investment vehicles.

Robo advisors can perform "tax-loss harvesting," which routinely scans a user's portfolio to find stocks that should be sold at a loss in order to offset taxable gains for the year. The proceeds would then be re-invested.

In many cases, the robo advisor results are similar to the asset allocation recommendations that many brokerage houses already follow.
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Global Banking News-December 19, 2017--Nordea to use robo advisor to provide more advice to customers
InstaMF also gives the investors access to Sharekhan's Robo advisor - NEO, where they get the best investment advice for their unique financial requirements.
Suleman Din, AI-powered Robo Advisor Takes Aim at the Richest Clients, FinancialPlanning (Oct.
6 October 2017 - London-based lead generation firm Investoo Group has acquired UK-based robo advisor comparison site RoboAdvisors to expand into the portfolio management industry, the company said.
This essentially turns the robo advisor into a self-help platform for do-it- yourself investors.
A robo advisor does everything a traditional human advisor does - understanding your risk profile, rebalancing your portfolio, and delivering transparent, real-time reports on demand.
Navy Federal Financial Group (NFFG) is working with Folio Investing to power two new, innovative investing services: a unique self-directed, online investing platform for individual investors and a cutting-edge robo advisor, the company said.
Similarly, Robo-Advisor startups like WealthFront and Betterment have all crossed over $2Bn in AUM and have gotten big players like Schwab and Vanguard to take note and launch their own version of a Robo Advisor.
com)-- Just to catch up on terminology, a Robo Advisor is an online, automated financial advisory service in which software algorithms are to manage a person's portfolio versus a human advisor.
Clearly identify the sub-advisor as a robo advisor and explain the services provided by the third-party robo-advisors;
One is that if somebody's paying you 1% and has got $10 million in you, they're still going to want some elements of a robo advisor.
The vaunted second opinion has long been a staple of advisor competition, but having a robo advisor perform the analysis, flag potential problems and suggest alternatives may alleviate feelings of obligation that would keep reluctant consumers from trying out the service.