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The Pros And Cons Of Using A Robot As An Investment Adviser

TedTed
in The OT Bullpen
FYI: SHOULD you trust your hard-earned retirement dollars to a robot?
These robots, of course, aren’t like those you see in the movies. But they are capable of providing investment advice usually delivered by a human adviser sitting behind a desk — and for a lot less money.

So-called robo-advisers — which assemble investment portfolios after customers answer a series of questions online — have been widely praised for their easy, low-cost approach to investing. The automated services, which include start-ups like Betterment and Wealthfront, along with offshoots from established players like Schwab, have quickly amassed $53 billion under management in just a handful of years, according to estimates by Aite Group
Regards,
Ted
http://www.nytimes.com/2016/04/30/your-money/the-pros-and-cons-of-using-a-robot-as-an-investment-adviser.html?rref=collection/timestopic/Investments&action=click&contentCollection=your-money&region=stream&module=stream_unit&version=latest&contentPlacement=1&pgtype=collection&_r=0
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