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By Arnd HEßELER, Maria Katharina HEIDEN, Joël THEISEN and Sylvia DREWLING, zeb consulting*
Robo-advisors aim for a digital revolution in the asset management industry. Known at the beginning from the startup scene, many of the established providers are now setting up their own Robo-advisor. But how is the concept taking off in Luxembourg’s finance industry? We took a closer look at the market.
Robo what?
The term “robo-advisor” has come to be defined as a “digital and fully automated asset manager” over the past few years. This description, however, goes rather too far, as a robo-advisor in itself is simply a web- and/or app-based customer interface for determining the appropriate risk profile for an investor. It...
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