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Monday, December 23, 2024 | 02:46 PM ISTEN Hindi

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Virtual advice for real finances

Physical advisors have been receiving tough competition from algorithm-based investment counselling and robo-advisories

wealth management
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Business practices of big-data firms have been under the government scanner in the recent past

Pranjal Sharma
The end of a financial year and the beginning of a new one brings the annual pangs of managing taxes and investments. The scramble is on both sides — The individuals assessing and seeking advice on liabilities and investment, and sellers of financial products that are keen to cash in on the concerns. 

In recent times, physical advisors have been receiving tough competition from algorithm-based investment counselling. This category has been rising steadily and created its own segment of robo-advisory. 

The promise is fairly simple, but the process of creating the advice can be complex. An individual has to submit personal finance
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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