AI-driven robo-advisors on personal financial management and investment strategies

H Varghese *, V Venkateswaran and S Mandeep

Individual Researchers, Chennai, TN, India.
 
Research Article
International Journal of Science and Research Archive, 2024, 13(01), 2020–2026.
Article DOI: 10.30574/ijsra.2024.13.1.1846
Publication history: 
Received on 19 August 2024; revised on 02 October 2024; accepted on 04 October 2024
 
Abstract: 
The advent of AI-driven robo-advisors has revolutionized personal financial management and investment strategies. Leveraging sophisticated algorithms and machine learning, these platforms offer personalized financial advice and automated portfolio management with minimal human intervention. By analyzing vast datasets, including market trends, economic indicators, and individual client preferences, robo-advisors can create tailored investment plans that optimize returns and manage risks effectively. This paper explores the transformative impact of AI in democratizing financial advice, enhancing decision-making processes, and making investment management accessible to a broader audience. The integration of AI in robo-advisory services not only improves efficiency but also provides a scalable solution to meet the diverse financial needs of individuals.
 
Keywords: 
Artificial intelligence; Cyber threats; Financial services; Data security; Risk assessment.
 
Full text article in PDF: 
 
Copyright information: 

Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0