Much interested in the dynamics of how systems will dynamically and perceptively give advice. In this blog have called them 'Assistants'. How will they disrupt in giving financial advice?
The Rise of the Robo-advisor: How Fintech Is Disrupting Retirement In Knowledge@Wharton
Artificial intelligence is changing the world of retirement planning. By using improved datasets and algorithms to efficiently deliver solutions tailored to people’s needs, AI can help them save, invest and retire better. One of the hottest trends to emerge in this area in recent years is the use of robo-advisors. These are software programs that use the data supplied by clients to create and automatically manage their investment portfolios. They’re gaining in popularity, but are they better than human advisors?
“Robo-advisors are a potential solution to the complexities of financial decision-making,” particularly in retirement planning, said Jill E. Fisch, law professor at the University of Pennsylvania. “But at the same time, there’s a lot we don’t know about robo-advisors — exactly how they work and how effective a solution they’re going to be.” She and other experts from Wharton and elsewhere spoke at a conference hosted by the Pension Research Council titled “The Disruptive Impact of FinTech on Retirement Systems.” ... "
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