Debate in the equities market focuses on the value of active versus passive investment management. Yet even when fund managers and individual investors control their portfolios, the question remains whether a smarter approach exists. Professors Francesco D’Acunto, Nagpurnanand Prabhala and Alberto G. Rossi explore robo-advising as a replacement for human guidance in this thorough examination of this potentially transformational fintech. While never giving investment advice, getAbstract recommends their robust report to investors and financial managers.
About the Authors
Nagpurnanand Prabhala is a professor at the University of Maryland, where Francesco D’Acunto and Alberto G. Rossi are assistant professors.