Letting machines that are essentially error maximizers automatically build investment portfolios is not a great idea. In fact, it’s a terrible idea for your clients. However, the first generation of robo-advisors does precisely that! In our review of the shortcomings of robo-advisors, published by ThinkAdvisor magaine, we explain the key problem of the first generation of robo-advisors and its origin. Read the full article here: http://www.thinkadvisor.com/2015/09/22/the-problem-with-robo-advisors-use-of-mean-varianc#.VgHG0u3Te6E.twitter
