Wells Fargo to roll out pilot robo adviser in first half of 2017

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  • Thursday, 21 Jul 2016

FILE PHOTO -- Bank Teller Tyler Wong talks to a customer at the Wells Fargo bank in Denver, Colorado, U.S. April 13, 2016. REUTERS/Rick Wilking/File Photo

NEW YORK: Wells Fargo & Co's wealth management business plans to roll out a pilot version of a robo adviser service during the first half of 2017, a spokeswoman said on July 20.

Robo advisers are computer software programs that manage client money using algorithms and computer-generated portfolios rather than traditional human brokers. They are popular with investors who want to pay lower fees or prefer digital options.

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