robo-advisor
Automated wealth manager
A robo-advisor is an automated digital platform that provides financial planning and investment management with minimal human intervention.
Using algorithms, robo-advisors assess risk tolerance, recommend portfolios, and rebalance assets—typically at lower fees than traditional financial advisors: I moved my retirement savings to a robo-advisor.
Also spelled robo-adviser.
Collected works or assets
- asset allocationDistributing investments strategically
- diversificationExpanding into varied areas
- ETFsExchange-listed investment baskets
- index fundsSecurities mirroring market indices
rebalancing · risk tolerance · retirement planning · 401(k) · IRA · Roth IRA · mutual funds · stocks
Finite problem-solving procedure
- machine learningAlgorithms that improve from data
- artificial intelligenceMachines mimicking human thought
- automationSelf-operating system design
- data analysisSystematic information interpretation
optimization · backtesting · risk assessment · pattern recognition · API · digital platform · user interface · dashboard
portfolio
Collected works or assets
- asset allocationDistributing investments strategically
- diversificationExpanding into varied areas
- ETFsExchange-listed investment baskets
index funds · rebalancing · risk tolerance · retirement planning · 401(k) · IRA · Roth IRA · mutual funds · stocks · bonds
algorithm
Finite problem-solving procedure
- machine learningAlgorithms that improve from data
- artificial intelligenceMachines mimicking human thought
- automationSelf-operating system design
data analysis · optimization · backtesting · risk assessment · pattern recognition · API · digital platform · user interface · dashboard · mobile app
neobank
Branchless digital financial institution
- democratizationTransition toward popular rule
account
Record of dealings
- Finance Toolsbudget app, budgeting app, calculator, expense tracker, spreadsheet
- fintechfintech, mobile banking, digital wallet, mobile payment, digital wallets
- investingstocks, stock, bonds, investing, investor
- digital economye-commerce, digital payments, online shopping, digital marketplace, digital markets
- Financial Advisorsfinancial planner, financial consultant, CFP, wealth manager, fiduciary
- investment fundsmutual funds, mutual fund, hedge funds, index fund, index funds
robo-advisorfinancial planner
Professional managing personal finances
wealth manager · stockbroker · financial consultant · investment advisor · private banker
advice, robot, advise, advisor, adviser, robots, advising, robotic, advisers