Tuesday 24 March 2015

'Robo-advisor' growth hits Wall Street money managers

INTERNET SPACE
'Robo-advisor' growth hits Wall Street money managers
Washington (AFP) March 22, 2015 - When it comes to investment advice, would you trust a financial professional or a robot? A growing number of people are choosing the latter, on the belief that algorithms can provide rational and dispassionate advice at a cost well below that of traditional advisors. A handful of automated investment startups created in the past few years now have more than $4 billion in assets under man ... more


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