Robo Advisors vs. Human Financial Advisors: Why Not Both?

Business Insider -

Business Insider—MyPrivateBankingAfter the strong growth of the robo advisory approach in recent years, promoted by numerous start-ups worldwide as well as sizeable number of early adopting wealth managers, a new ‘sub-species’ has emerged: the hybrid robo/personal contact service, which adds a substantial software component to human interaction in the client advisory process. This is a key finding of MyPrivateBanking's latest report "Hybrid Robos: how combining human and automated wealth advice delivers superior...

How to Build a Robo Advisor: Advice for Starting a Robo Advisory. MyPrivateBanking With the tremendous growth in robo advisor assets under management (AUM), financial institutions are scrambling to figure out how to build and become a robo advisor. Starting a robo advisor service combines financially savvy with big data analytics, as well as a comprehensive understanding to how robo advisors work. How Do Robo Advisors Work? Robo advisors are platforms that leverage algorithms to handle users' investment platforms. These services analyze each customer's...