Robo-Advisor

A robo-advisor is a digital platform that provides automated investment management, often offered by fintech firms. It uses algorithms to build and rebalance portfolios based on a user's goals and risk profile.

Robo-advisors often charge lower fees than traditional advisors. They can include features like tax-loss harvesting and automatic rebalancing.

Related Terms

Fintech

Financial Technology

Fintech refers to technology-driven innovation in financial services. It encompasses mobile banking,...

API

Application Programming Interface

An API is a set of protocols and tools that allows different software applications to communicate wi...

CFA

Chartered Financial Analyst

A CFA is a professional designation given by the CFA Institute to investment professionals who have ...

Open Banking

Open banking is a system where banks share customer financial data with third-party providers throug...

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