A Robo Advisor is a computer-based program that acts as a financial advisor and helps investors manage their portfolio. It uses algorithms and machine learning to generate investment recommendations and manage the portfolio automatically. The use of robo advisors is particularly attractive to investors who have little time or knowledge of investing but still want professional management of their portfolio. The cost of using a robo advisor is generally lower than the fees charged by wealth managers and financial advisors.
Digital Wealth Manager – Robo Advisor as a financial planning tool with real-time data and increasingly AI (artificial intelligence). Especially compared to traditional asset managers and their costs, more and more are interested in how Robo Advisor works.
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