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Maggette


Total Posts: 1051
Joined: Jun 2007
 
Posted: 2018-09-09 16:12
Hi,

I stumbled into some articles that claimed that claimed that the robo advisors from Vanguard, Deutsche Bank, Cgarles Schwab, Scalable in Germany etc.

It strikes me to be a quite quanty and fun topic. Are any of these advisors any good? Do they really add any value to customers? How sophisticated or good are these things.

I work in the ML and I am inclined to laugh hyterically when these people talk about "self learning algorithms". Does anybody know anything?

I skimmed over this one by Scalable, and it strikes me as some plain vanilla academic stuff...

white paper

Thanks

Ich kam hierher und sah dich und deine Leute lächeln, und sagte mir: Maggette, scheiss auf den small talk, lass lieber deine Fäuste sprechen...

ThomasJ02


Total Posts: 38
Joined: Feb 2009
 
Posted: 2018-09-09 18:27
Robo advisors are just super low cost asset allocators, with some fancy (but useful) stuff on top like tax-loss harvesting and maybe smart beta. Wealthfront for example has a ton of info on their website about how and what they do. All the robo-advisors that I've seen are pretty transparent about their processes, and none use any kind of AI (At least on the investing side - the marketing/customer acquisition side is another story)

AB12358


Total Posts: 58
Joined: Apr 2014
 
Posted: 2018-09-10 08:21
Certainly in Australia ML robo advisors would breach the financial services licensing regulations.

Maggette


Total Posts: 1051
Joined: Jun 2007
 
Posted: 2018-09-10 13:10
THX to both of you. Pretty much what I expected.

Ich kam hierher und sah dich und deine Leute lächeln, und sagte mir: Maggette, scheiss auf den small talk, lass lieber deine Fäuste sprechen...
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