Finance digital advisors help investors in MENA| MENAFN.COM

Monday, 15 August 2022 10:17 GMT

Finance digital advisors help investors in MENA


(MENAFN) The arrival of robo-advisers in MENA area has made people save more, made entrepreneur decisions better, democratized investing as well as encouraged economic inclusion, as pros talking at a personal economic webinar.

Michele Ferrario, co-owner and CEO of StashAway digital, said that the Robo Advisers as well as Mass Affluent Savings in MENA web talk, which was prepared by FinTech Robos, “Ten years from now, people will spend less time with human financial advisers.” Adding, “Robo-advisory tools enable people with less financial literacy to get access to professionally managed investment platforms.”

To talk briefly about Robo-advisers, they are digital investment platforms that give an investor’s risk tolerance depending on multiple of questions. Utilizing computerized algorithms, they then allocate investors an individualized investment portfolio of exchange-traded funds or index funds. They usually take less fees in comparison to the usual economic advisers and wealth managers.

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