Friday November 06, 2015

BofA To Use Robots To Manage Your Money

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? big grin

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.

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