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Modelling Discretionary: The Development of Automated Financial Service Industry

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  • Xiaomin Guo

Abstract

This research focuses on modeling the investment manager behavior in investments planning, and explores the trend of the current human-based financial planning industry. In the recent decade, the replacement of human financial service with automated financial solution grows rapidly. This paper provides a model of automated investments procedure to detect the possibility of substituting the human-based portfolio management with a machine-dominated process. The major contribution of this research is the algorithm of discretionary, which is the major obstacle of the machine-based portfolio control. The conclusion of this paper can serve as the logic flow of the investment management program.

Suggested Citation

  • Xiaomin Guo, 2016. "Modelling Discretionary: The Development of Automated Financial Service Industry," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(12), pages 44-49, December.
    • Handle: RePEc:ibn:ijefaa:v:8:y:2016:i:12:p:44-49
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    More about this item

    Keywords

    automated; financial planning; portfolio management; investment; human behavior;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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