Robo Refresher

Note from the CEO:  How about a refresher course on the hot subject of robo-advisors? At FintekNews, we have covered this quite a bit but in never hurts to keep the brain fresh. After all, they are here to stay and have become a major force in the advisor space.

“Phil Siarri provides a refresher course on robo-advisors, and looks ahead to how they may one day become a widely adopted service.

Robo-advisors are one of the most talked about subjects within the fintech ecosystem. On paper, it’s a great concept, and consumers around the world are giving them a shot.

What are robo-advisors?

A robo-advisor is an online wealth management service that provides automated, algorithm-based portfolio management advice without human financial planners. Such use similar software as traditional advisers with a focus on portfolio management and generally don’t get involved in more personal aspects of wealth management such as taxes, retirement or estate planning. Those conditions often mean lower or no minimum deposits and reduced fees.”

Read Full Article at BankNxt