Abbie the Bond Bot Can Now Suggest Trades

AllianceBernstein Holding LP has upgraded its virtual assistant Abbie so she is now able to suggest the “best bonds to buy and sell based on pricing, ease-of-trading and risk.” This according to an article in Bloomberg. “Unlike any human,” the article states, “she can scan millions of data points to filter the universe of outstanding bond in seconds and identify potential trades to portfolio managers using other electronic tools the firm has built.” According to… Read More

Will Future Robo Advisers Be More Ethical?

According to a recent article in The Wall Street Journal, the robo-advisers of tomorrow are expected to be smarter, and “might even have a conscience.” Today’s robo-advisers, the article explains, use algorithms to “provide low-cost, automated portfolio-management services to investors seeking discount advice,” but the tools have limitations. “Critics say not only are robots incapable of providing the kind of personalized, sophisticated financial-planning guidance that human wealth managers can deliver, they don’t understand right or… Read More

Robo-Investing is Gearing Up

As money managers allocate more resources to quantitative model-building, they are also amping up robo-advising services for clients seeking low cost investment alternatives, writes Validea CEO John Reese in this week’s Forbes. Since many of these strategies are outperforming actively managed funds, writes Reese, they are increasingly attractive to investors. He cites the example of BlackRock, the largest asset manager in the world (overseeing more than $5 trillion in assets), which announced last month that… Read More