Gorman: ‘The robo-advice tool, which is an asset-allocation tool, is kind of taking common sense and putting it into a very user-friendly model.’ – Bloomberg
BANK of America Corp’s “thundering herd” of Merrill Lynch financial advisers is about to be joined by a robot.
The firm has put dozens of employees to work on an automated investment prototype for Merrill Edge, which targets accounts under US$250,000, according to two people with knowledgeof the project.
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