HardOCP News
[H] News
- Joined
- Dec 31, 1969
- Messages
- 0
I guess robot investment advisers can't be any worse than their human counterparts. Seriously, if you are such a good investment adviser, why do you still work for a living?
Banks view robo-advisers, which use algorithms to provide investment advice online and with little or no human contact, as a disruptive technology that can help attract younger investors before they get hooked on a competitor’s platform. Executives at Morgan Stanley, which owns the U.S. brokerage with the most human advisers, and Wells Fargo & Co. have recently said they would develop or acquire a robo-adviser.
Banks view robo-advisers, which use algorithms to provide investment advice online and with little or no human contact, as a disruptive technology that can help attract younger investors before they get hooked on a competitor’s platform. Executives at Morgan Stanley, which owns the U.S. brokerage with the most human advisers, and Wells Fargo & Co. have recently said they would develop or acquire a robo-adviser.