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Wednesday, October 10, 2018

Robo Advisor VS Financial Advisors

Albert Barkley     5:21 AM    

What is a robot advisor?

Robo advisor is a class of financial advisors that provide financial advice to the human beings. Basically, this advice is provided with the help of online investment management system. This advice is also provided on the basis of minimum human intervention. Mathematical rules and algorithms are required to provide this advice that is based on digital finance system. They can easily execute this advice with the help of software without the involvement of a human being. This software can easily optimize and manage the assets of a client with the help of its mathematical algorithms. 

What is a financial advisor?

A professional that provides professional guidelines and advises in order to solve the financial needs of a human being is known as a financial advisor. A human beings can get their professional advice related to each and every term of the finance like investing, insurance, taxes, and much more. These financial advisors are also known as investment advisors. After getting advice from these financial advisors, a human being can easily make reasonable investments, select broker-dealers, make recommendations, and fulfil the needs of the clients. If you are not able to find out the best financial advisor, then you can get help from expert financial advisors of the academic writing services.

Robo Advisor VS Financial Advisor

After getting a clear idea about the financial advisor and robot advisor, you can easily differentiate between robot advisor and financial advisor. For this reason, first of all, we will try to understand the conditions in which it is necessary for us to use the robot advisors. These conditions are given below;

1) After investing some amount in a business, you will have to get an idea about the investment performance. This thing is helpful for you to get an idea about the different impacts of your investment. For this reason, Robo advisors are best for you.

2) After the investment, it is also necessary for you to keep a personal contact with all the investors. For this reason, Robo advisors are also helpful to you. After hiring a robot advisor, there is no need to keep a direct contact with the other investors.

3) If you are going to get help from a traditional investment advisor, then it is necessary for you to have a minimum balance of at least $200,000 in your portfolio. On the other hand, if you are going to get help from robot advisors, then the minimum balance required is one million only.

4) After investing your amount in the robot investing network, all the activities relevant to the investment will be handled by the software.

In the second, we will try to understand the conditions in which it is necessary for us to use the financial advisors. These conditions are explained below;

1) With the help of traditional financial advisors, it is easy for you to transact your business by yourself rather than relying on the software only.

2) This thing also provides a chance for the investors to keep a direct contact with the other people in your field.

3) All the measures of your business are in your hand. You can easily control these measures just according to your desires.

4) The robot advisors are not helpful to you for the purpose of investment flexibility. On the other hand, the financial advisors can easily create this kind of financial flexibility.

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