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An economic analysis of utilising robo advisors in investment management

  • Unique Paper ID: 168639
  • Volume: 5
  • Issue: 10
  • PageNo: 536-543
  • Abstract:
  • A robo-advisor, is a digital platform that provides automated, algorithm-driven financial planning and investment services with little or no human supervision. A typical robo-advisor asks questions about the investors’ financial situation and future goals through an online survey. It then uses the data to offer advice and automatically invest for him or her. Other common designations for robo-advisors include “automated investment advisor,” “automated investment management,” and “digital advice platforms.” The best robo-advisors offer easy account setup, robust goal planning, account services and portfolio management. Additionally, they offer security features, comprehensive education and low fees. The study “An economic analysis of robo advisors in investment management” explores the role and effectiveness of robo-advisors in investment management. The research project aims to evaluate the ease of use, transparency and customization options of robo-advisors, their risk management effectiveness, cost-benefit analysis, and adaptability and innovation. The mixed-method approach combines quantitative and qualitative assessments to provide a comprehensive evaluation. Key findings include the ease of use, risk management, cost-effectiveness and adaptability of robo-advisors. The findings have implications for investors, financial institutions, and policymakers. Investors can benefit from robo-advisors if they align with their investment goals and risk tolerance. Traditional financial institutions can leverage robo-advisor technology to enhance their service offerings and attract a broader customer base. Policymakers need to monitor the evolving landscape of robo-advisors to ensure investor protection, transparency and compliance with regulatory standards. The study contributes valuable insights to the ongoing discourse surrounding the role of technology in reshaping the financial services industry.
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Cite This Article

  • ISSN: 2349-6002
  • Volume: 5
  • Issue: 10
  • PageNo: 536-543

An economic analysis of utilising robo advisors in investment management

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Impact Factor
8.01 (Year 2024)
UGC Approved
Journal no 47859

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