Robo-Advisors Could Replace Human Portfolio Advisors

Published by , June 27, 2016 5:51 am

(FinancialTimes) Artificial intelligence and automation are also expected to revolutionize the investment industry in the area of robo-advice. This is where algorithms are used to suggest funds to investors, replacing some human financial advisers in the process. Commentators believe many fund managers’ jobs could come under threat as developments are made in technology.
A shift away from human fund managers is not some far-flung dream that will happen decades into the future, says Alexey Utkin, who leads the UK financial services practice at DataArt, the technology consultancy. “Within the next two years I expect to see more and more examples of AI-led investing. Within the next five years this could very well become the standard,” he says.

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