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Robo-advisors are fintech companies that offer online asset management services. Through the high level of automation and standardization in terms of advisory services, they are generally less expensive than human financial advisors. However, they are restricted in the customization of their advisory services as they skip the associated advice and interaction with customers that a personal advisor can provide. Through the sole use of software programs and entered customer data, a specific investment strategy is developed and presented to the customer.

Term-Nr.: 760

German: Robo Advisor (700)

Source: Fintech-Hub m. e. E., 29.05.2019

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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