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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!