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What role does a robo-advisor play in investment management?
  • a)
    It offers tax consulting services.
  • b)
    It provides personalized financial planning.
  • c)
    It manages retirement funds and investments.
  • d)
    It offers a lower-cost alternative to human investment managers.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What role does a robo-advisor play in investment management?a)It offer...
A robo-advisor is a technology-driven platform that provides automated investment management services. It offers a lower-cost alternative to human investment managers by using algorithms to create and manage investment portfolios based on individual risk tolerance and financial goals. Robo-advisors are particularly popular for those who prefer a hands-off approach to managing their investments and want to benefit from automated portfolio rebalancing and asset allocation.
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What role does a robo-advisor play in investment management?a)It offers tax consulting services.b)It provides personalized financial planning.c)It manages retirement funds and investments.d)It offers a lower-cost alternative to human investment managers.Correct answer is option 'D'. Can you explain this answer?
Question Description
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