Robo-Advice Technologies That Benefit the Financial Services Industry
Financial Advising
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Based in Moorestown, New Jersey (NJ), Frank LaRosa is an experienced executive who leads ELITE Consulting Partners and offers strategic business solutions aimed at clients in the financial services. In an Industry Perspectives article published on LinkedIn, Frank LaRosa recently explored the financial services industry and recent inroads made by “robo-advice” technologies.
These include the UBS Advice Advantage Platform, which provides affluent investors with the ability to make virtual business transactions that utilize human-assisted AI-advisors. For a 75 base points charge, the program provides customers with real-time goal tracking and portfolio and account analytics and diagnostics capabilities.
With other major banking firms having introduced their own robo-advisor systems, advisors may experience a distinct benefit in having more time to focus on client-driven tasks. These include the monitoring of portfolios and identification of risks, as well as the balancing of account holdings. The client-advisor relationship should be potentially strengthened, as more time can be focused on mission essential aspects of the business relationship.
Mr. LaRosa notes that while “robo” and “AI’ have a futuristic ring to them, the platforms are simply a natural evolution of what is already technologically available. Applied properly, they can drive improvements in customer service while enabling an enhanced return on investment for clients.
These include the UBS Advice Advantage Platform, which provides affluent investors with the ability to make virtual business transactions that utilize human-assisted AI-advisors. For a 75 base points charge, the program provides customers with real-time goal tracking and portfolio and account analytics and diagnostics capabilities.
With other major banking firms having introduced their own robo-advisor systems, advisors may experience a distinct benefit in having more time to focus on client-driven tasks. These include the monitoring of portfolios and identification of risks, as well as the balancing of account holdings. The client-advisor relationship should be potentially strengthened, as more time can be focused on mission essential aspects of the business relationship.
Mr. LaRosa notes that while “robo” and “AI’ have a futuristic ring to them, the platforms are simply a natural evolution of what is already technologically available. Applied properly, they can drive improvements in customer service while enabling an enhanced return on investment for clients.
