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What Are Robo-Advisors?

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While your clients may have never obtained advice from traditional wealth management companies, the times are changing through the introduction of robo-advisors.

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Unlike traditional human-to-human financial advice, robo-advisors provide personalized, automated financial advice based on algorithms. They work without the need for human intervention, making such advice cost-friendly and ultimately eliminating common high-net-worth membership figures.

Robo-advisors can tell investors:

  • How to allocate their money across stocks and bonds, keeping your risk tolerance in mind
  • How much to deposit each month based on the total amount they want to invest and their goals
  • Their total net worth
  • How to take advantage of advanced tax strategies

According to some reports, tens of billions of dollars are currently being managed by robo-advisors, and some estimates indicate that robo-advisors could be managing hundreds of billions, and possibly even trillions, of dollars in just a few years.

To learn more about robo-advisors and the impact they’re having in financial services, fill out the form below or click here.

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Sr. Marketing Manager, Industries, Perficient

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