BQ Big Decisions: When To Let A Robo Adviser Manage Your Money
BloombergQuint’s Big Decisions podcast gets you the insights you need to make big money decisions with confidence.
What if someone asks you to allow an algorithm-driven robo-adviser to manage your money? Chances are, you would say, “Is that a thing? Is it safe?”
Given a choice between trusting another human being and a mathematical model, most investors would choose a living person over a software programme. According to Gaurav Rastogi, founder and chief executive officer at Kuvera, this is a natural reaction despite statistical evidence that algorithms tend to outperform humans over the long term because they make fewer mistakes.
On this Big Decisions podcast, BloombergQuint spoke with Rastogi to understand the merits of robo-advisory services and the drawbacks.