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Robo-Advisors: Investing through Machines

Facundo Abraham, Sergio Schmukler and José Tessada

No 134881, Research and Policy Briefs from The World Bank

Abstract: Investing through online automated platforms, known as robo-advisors, is increasingly popular. Robo-advisors expand access to wealth management services by making it easier and less costly to open investments accounts and receive financial advice, as well as plan and automate investment decisions. However, the rise of robo-advisors requires consumers to understand the limitations of these services and to get proper financial education. Policy makers need to grapple with the impact of robo-advisors on the overall financial system, as well as reassess their regulatory and supervisory practices.

Keywords: Pensions&Retirement Systems; Educational Sciences; International Trade and Trade Rules; Educational Policy and Planning - Ministry of Education; Educational Institutions&Facilities; Educational Policy and Planning - Institutional Development; Educational Policy and Planning (search for similar items in EconPapers)
Date: 2019-02-26
New Economics Papers: this item is included in nep-fle and nep-pay
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