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Robo-Advisory: The Rise of the Investment Machines

In: Robo-Advisory

Author

Listed:
  • Peter Scholz

    (Hamburg School of Business Administration)

  • Michael Tertilt

    (Hamburg School of Business Administration)

Abstract

Robo-advisors are an innovation in the financial market to provide automatized investment advice. We start this introductory chapter with a brief overview about the history of robo-advice. It started about ten years ago in the US and has spread over the globe since. The market volume has risen significantly, and the rise of both assets-under-management and number of clients is predicted to grow even further. We also throw a glance at the performance, which robo-advisors are generating, and find that robo-advice is by and large neither out- nor underperforming. In the next future, we assume that robo-advice may be combined with human elements, resulting in hybrid models which combine the best of two worlds.

Suggested Citation

  • Peter Scholz & Michael Tertilt, 2021. "Robo-Advisory: The Rise of the Investment Machines," Palgrave Studies in Financial Services Technology, in: Peter Scholz (ed.), Robo-Advisory, chapter 0, pages 3-19, Palgrave Macmillan.
    • Handle: RePEc:pal:psincp:978-3-030-40818-3_1
    DOI: 10.1007/978-3-030-40818-3_1
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