Risky mortgage in foreign currency, highly-leveraged property fund sold as “safe as bricks” no-risk product, bonds that default many times as frequently as expected, other inappropriate asset classes given client’s investment objectives. Amidst so many scandal involving mis-selling investment products to the public one has to question the logic of using financial advisors and asset management industry. “Do human financial advisors really add value?”, “What if financial products were designed by algorithms and based on clients’ investment objectives as input”, “How difficult it really is to conduct a product fitness test?” “How difficult it is to conduct portfolio allocation?”
Financial Robo-Advisor are a class of digital financial adviser that provide financial advice or investment management online with moderate to minimal human intervention. Typical robo-advisory software utilizes its algorithms to automatically allocate, manage and optimize clients’ assets. They flourished around the world, yet never really took off in Poland. It was so for a variety of reasons, regulations included. But change may be on the horizon. Industry observers say that introduction of MiFID II with the beginning of 2018 will damage the cosy relationship between product providers and product distributors. Customer is expected to gain and great investment management entrepreneurs that we invited will tell you more about how robo-advisors work and they are worth your time.
For agenda and to sign up: https://www.meetup.com/fintechtrends/events/245529171/