In a historic move aimed at providing financial security and social protection to a significant portion of the population, It is the launching of the universal pension scheme in Bangladesh today. This groundbreaking initiative, spearheaded by the government, aims to encompass approximately 10 crore people from various socio-economic backgrounds. The pension scheme is poised to… Continue reading Universal Pension Scheme in Bangladesh: All you need to know
Author: MMP
How Do Robo-Advisors Make Money?
Robo-advisors make money through fees charged for their services, such as management fees and account maintenance fees. These fees are typically based on a percentage of the assets under management (aum) or a flat fee per account. Additionally, some robo-advisors may generate revenue through interest earned on cash holdings or by offering premium services with… Continue reading How Do Robo-Advisors Make Money?
Is Robo-Advisor a Chatbot?
No, a robo-advisor is not a chatbot. A robo-advisor is an automated investment platform, while a chatbot is an ai-powered virtual assistant designed to interact with users through conversation. Robo-advisors use algorithms to provide personalized investment recommendations, while chatbots are more commonly used for customer service and information retrieval. Although both leverage technology, they serve… Continue reading Is Robo-Advisor a Chatbot?
Is Robinhood a Robo-Advisor?
No, robinhood is not a robo-advisor. Robinhood is a commission-free brokerage platform that allows individuals to buy and sell stocks, etfs, options, and cryptocurrencies. Robinhood does not provide automated investment advice or portfolio management services like traditional robo-advisors. Introduced in 2013, robinhood has gained significant popularity among investors, especially younger ones, due to its user-friendly… Continue reading Is Robinhood a Robo-Advisor?
Are Robo-Advisors Licensed?
Robo-advisors are licensed to provide investment advice and manage portfolios. In the financial industry, robo-advisors are regulated entities that operate under licensing requirements. These licensing requirements ensure that robo-advisors meet certain standards and comply with regulations set by the appropriate financial authorities. The licenses obtained by robo-advisors demonstrate their commitment to transparency, accountability, and professionalism… Continue reading Are Robo-Advisors Licensed?
Who are Robo-Advisors Best For?
Robo-advisors are best for investors who want low-cost, hands-off investment management. They are a great option for those who prefer a digital, automated approach to investing, without the need for personalized financial advice or guidance. Robo-advisors provide a convenient, straightforward way to access diversified portfolios and manage investments at a fraction of the cost of… Continue reading Who are Robo-Advisors Best For?