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ROBO Global captures the high-octane growth of robotics and artificial intelligence
First Runner up NERC 2019 Modular Category (Universities), with cash prize of Rs15,000, was awarded to team King
Robo from University of Balochistan.
It examines people's outlook on
robo advice, its potential impact on how they invest, and its impact on the financial services industry overall.
The idea is that
robo advice firms build a series of different investment portfolios which would suit different investing attitudes.
"Automated investment management or
robo advisers employ advanced computer algorithms to assess a client's risk level, construct a portfolio allocation, choose investments and periodically rebalance the portfolio," said Angela Berkosky, partner and chief investment officer for Lancaster-based Domani Wealth.
Because they're digital, companies that utilize
robo advisers can usually spread their cost over a wide customer base a robo-adviser won't call in sick or expect a pay raise and typically offer financial services for a fraction of the management fees charged by their human counterparts.
New research from technology consultancy firm, Infosys, has shown that many banks are planning to invest more in
robo advice in the coming three years.
(8) See Matt Egan,
Robo Advisors: The Next Big Thing in Investing, CNN MONEY (June 18, 2015), archived at https://perma.cc/BJY4-XP3Y (explaining how robo-advisers work and the way an account is set up and managed).
(5.) Business Insider forecasts "that
robo advisors will manage around 10% of total global assets under management (AUM) by 2020." Sarah Kocianski, The
Robo Advisor Report: Market Forecasts, Key Growth Drivers, and How Automated Asset Managers Will Change the Advisory Industry, bus.