Robo advisory could change distribution7 min read 22 Sep 2015, 07:17 PM IST
With lower costs, these could offer competition but there is space for free and fee-based services to co-exist
Is it a bird? A plane? No? Superman? No, not him either. Come on, get real! But you’re close—it’s a robot. And it’s here to manage your money, and your investments. Called robo advisers, these bodies of artificial intelligence are springing up in the US. And India seems to be catching up. Some homegrown firms are entering this space. And if experts from the investment advisory and distribution space are to be believed, this tribe is only set to grow and grow fast.