Modelling Discretionary: The Development of Automated Financial Service Industry

Xiaomin Guo

International Journal of Economics and Finance, 2016, vol. 8, issue 12, 44-49

Abstract: This research focuses on modeling the investment manager behavior in investments planning, and explores the trend of the current human-based financial planning industry. In the recent decade, the replacement of human financial service with automated financial solution grows rapidly. This paper provides a model of automated investments procedure to detect the possibility of substituting the human-based portfolio management with a machine-dominated process. The major contribution of this research is the algorithm of discretionary, which is the major obstacle of the machine-based portfolio control. The conclusion of this paper can serve as the logic flow of the investment management program.

Keywords: automated; financial planning; portfolio management; investment; human behavior (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ibn:ijefaa:v:8:y:2016:i:12:p:44-49

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