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Saturday, March 28, 2020

The Problem With Robo-Advisors’ Use of Mean Variance Optimization

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:


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