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Persistent link: https://www.econbiz.de/10013342079
In this chapter, we first discuss the limitations of traditional financial advice, which led to the emergence of robo-advising. We then describe the main features of robo-advising and propose a taxonomy of robo-advisors based on four defining dimensions---personalization, discretion,...
Persistent link: https://www.econbiz.de/10012836714
Robot advisory services are rapidly expanding, responding to a growing interest people have in directly managing their … savings. Robot advisors may reduce costs and improve the quality of the service, making user involvement more transparent … mismatch between investors' expected and actual risk. The aim of the paper is to enhance robot advisory portfolio allocation …
Persistent link: https://www.econbiz.de/10012839259
In this chapter, we first discuss the limitations of traditional financial advice, which led to the emergence of robo-advising. We then describe the main features of robo-advising and propose a taxonomy of robo-advisors based on four defining dimensions: personalization, discretion, involvement,...
Persistent link: https://www.econbiz.de/10012840565
The development of robo-advising allows investors to receive advice on investments that were considered too small by traditional human advisers. In this paper, the viability of robo-advising for individual investors is discussed by investigating one of the basic strategies of portfolio...
Persistent link: https://www.econbiz.de/10013013210
We study a robo-advising portfolio optimizer that constructs tailored strategies based on in- vestors' holdings and preferences. Adopters are similar to non-adopters in terms of demographics, but have more assets under management, trade more, and have higher risk-adjusted performance. The...
Persistent link: https://www.econbiz.de/10012921212
We study a robo-advising portfolio optimizer that constructs tailored strategies based on investors' holdings and preferences. Adopters are similar to non-adopters in terms of demographics, but have more assets under management, trade more, and have higher risk-adjusted performance. The...
Persistent link: https://www.econbiz.de/10012927697
with cognitive dissonance theory, which predicts that assigning responsibility to the advisor helps investors resolve a …
Persistent link: https://www.econbiz.de/10012500401
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