A Robo-advisor is a computerized financial consultant that use algorithms to automate portfolio management with negligible human intervention, at trivial costs as compared to a human financial advisor. Synechron, having partnered with leading financial majors across the globe, completely understands the finer nuances of the financial services business and how advisory services operate. The agile and highly-scalable nature of its cutting-edge digital, consulting and technology offerings enables Synechron to understand how businesses could move beyond a conventional Robo-advisor to a hybrid Robo-advisor (a tech-assisted firm that is not 100% automated) and Robo-investors (high-frequency trading with bots) thus creating the self-service clients are looking for, balanced with the high-touch, high-trust experience they are known to deliver.
Investment service players like Wealthfront and Betterment could be considered as the pioneers of the Robo-advisor movement, cashing in on millennials who were the first adopters due to the low investment minimums and low fees. To compete and stay relevant, traditional wealth and asset management firms have started developing and launching their own hybrid robo-advisor. A.T. Kearney, a leading American global management consulting firm forecasts Robo-advisers’ to reach USD 2.2 trillion in five years - equating to 5.6 percent of all American investments by 2020. Incumbent wealth managers and private bankers are all too aware that the future of their business will be about the successful use of this technology. Therefore, we expect the industry to launch a range of robo-advisory services over the next year.
There are many variations and perceptions of what a Robo-advisor exactly does. Simply put, a robo-advisor is a tool or solution that uses a variety of methods and algorithms to automate the asset allocation of investments for an individual’s unique persona. Robo-advisors today can help inexperienced individuals with goal setting and asset allocation — particularly when they have little idea where to start. Furthermore, a hybrid robo-advisor includes facilities to foster engagement and one-to-one interaction with human financial advisors – typically for more complex services and advice such as taxes, retirement or estate planning. Thanks to the rise of the robo-advisor, investing for the future has now gone mainstream and provides a solution for the mass market of individuals who previously could not afford such advice.
Synechron’s Robo-Advisor Investment Platform - RoboInvestor™
Synechron’s RoboInvestor™ solution is developed as a platform that can cater to a fully-automated solution for mass market clients, while also providing an assisted advisory solution for wealth managers and investment advisors who need the one-to-one interaction demanded of their clients. For mass market individuals Synechron’s RoboInvestor™ solution is designed to simplify their investing, help manage their portfolio with minimal effort and track aggregated accounts in a single interface. RoboInvestor™’s intuitive and easy interface allows people to develop portfolios that are properly diversified and reduce the riskiness of their investment strategy.
Synechron’s Robo-advisor solution can empower organizations to offer a lower-fee solution for investment planning and management and cater to markets and revenue streams that were not viable businesses before, while still maintaining the more lucrative fee-based business they have built through personalized advisory services for high-net-worth individuals. In a nutshell, RoboInvestor™, Synechron’s multi-persona platform catering to the full range of investors:
Synechron’s Robo-advisor solutions are designed specifically to provide applications that can be applied to various scenarios which lend themselves well to a Robo-advisor solution. Click to read how Synechron’s Robo-advisor solutions are helping clients to build the perfect investor’s virtual advisor.
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