Whatever your thoughts and feelings on technology, it is clear that it is a big disrupting force that is here to stay.
Already, technology has fundamentally changed many aspects of our lives and disrupted many industries.
One such industry is the wealth management industry which was disrupted by robo advisors that introduced previously exclusive wealth management services to a wider audience at a lower cost (in comparison to traditional human advice).
Source: Giphy
For the uninitiated, robo advisors are financial advisors that provide people with digital financial advice and investment management with little to no human interaction.
This digital financial advice and investment management is backed by mathematical rules or algorithms concocted by a team of financial experts and coded into software.
Robo advisors use their software to automatically manage, allocate and optimize clients’ portfolios based on their personal risk tolerance, investment horizon, target return and financial goals.
Best Robo Advisor Singapore
In Singapore, there are over 15 robo advisors which can be divided into two main categories:...