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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