These days, the much talked about buzz is on Robo Advisors. Who are they? They sound like species from outer space, but they are not. Robo advisory is nothing but a new form of advice that has emerged through the use of automated processes and complex algorithms, which run at the back end of these advisors.
You can think of them as online financial planners and investment advisors, who take details from you, analyse the data and then advise you on your investments. The Robo builds and manages your portfolio. The only thing is that there is no human intervention. It is a system that is working for you.
