Difference between robo-advice and human advice

Reference no: EM133264456

Assume that obtaining advice from a human financial advisor follows this process:

1. You answer some basic questions
1. Your advisor maps your answers to an investment portfolio based on a set of proprietary business rules
1. The advisor explains your suggested portfolio and offers to implement the strategy for you

If human advice follows the above process, what is one key similarity and one key difference between Robo-advice and human advice? In your answer, state whether you believe robo-advisors (as they are today) represent true disruption that could revolutionise financial advice, or whether they merely represent automation.

Reference no: EM133264456

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