Robo-Advisory: The Rise of the Investment Machines

Peter Scholz () and Michael Tertilt ()
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Peter Scholz: Hamburg School of Business Administration
Michael Tertilt: Hamburg School of Business Administration

Chapter Chapter 1 in Robo-Advisory, 2021, pp 3-19 from Palgrave Macmillan

Abstract: Abstract Robo-advisors are an innovation in the financial market to provide automatized investment advice. We start this introductory chapter with a brief overview about the history of robo-advice. It started about ten years ago in the US and has spread over the globe since. The market volume has risen significantly, and the rise of both assets-under-management and number of clients is predicted to grow even further. We also throw a glance at the performance, which robo-advisors are generating, and find that robo-advice is by and large neither out- nor underperforming. In the next future, we assume that robo-advice may be combined with human elements, resulting in hybrid models which combine the best of two worlds.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psincp:978-3-030-40818-3_1

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DOI: 10.1007/978-3-030-40818-3_1

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