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Human financial advisers working with robotic ones
Published Sun, Oct 19, 2014 · 09:50 PM
PEOPLE pay financial advisers thousands of dollars a year to pick investments, rebalance portfolios, adjust risk levels and minimise taxes.
And these are all things that computers are learning to do more quickly, more reliably, at a quarter of the cost and with flashier graphics.
A funny thing is happening on the way to total automation, though. While new "robo-advisers" pop up regularly, many are relying on flesh-and-blood advisers.
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