Robo-advisors assign risky portfolios to individual investors using web-based investment
algorithms with minimum human interaction. We provide insights into the working and …

Automated financial advising (robo-advising) has become an established practice in wealth
management, yet very few studies have looked at the cross-section of the robo-advisors and …

Robo-advice has become a key buzzword in the financial and technology industries
recently. Robo-advisors are digital wealth management platforms that provide automated …

Robo-advisors promise efficient, rational, and transparent investment advisory. The authors
analyze how robo-advisors determine their users' risk tolerance and which equity exposure …

In the past ten years, the market for financial advice has changed dramatically with the
emergence of robo-advisors, defined as in Chapter 1 as automated online services that use …

In many respects, financial advice is an enabler of risk-taking. Individuals who have little
knowledge of or experience with the financial markets may not feel confident in their ability …

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 …

We use a unique data set covering brokerage accounts for a large cross-section of investors
over a sample from January 2003 to March 2012, which includes the 2008 financial crisis, to …

Banks have reacted much more enthusiastically to the FinTech revolution than many of their
customers. Robo-advisory, automated web-based investment advisory, in particular …

Automated investment managers, or robo-advisors, have emerged as an alternative to
traditional financial advisors. The viability of robo-advisors crucially depends on their ability …