Financial services company Angel Broking has launched a "Portfolio Health Score" option in the automated investment advisory engine ARQ designed to help retail investors with portfolio management.
The new feature, which is a free, allows an investor to check the health of the portfolio on new investment engine ARQ which uses alpha algorithms to choose among best performing stocks, Head Research & ARQ Vaibhav Agarwal said.
However, a person has to open an account with the broking firm to get its entire portfolio scanned by the new health check option.
ARQ investment engine is an automated investment advisory engine which has been designed to offer personalised advice based on individual needs on a continuous basis.
The engine acts as a personalised wealth advisor and the engine prompts and takes all necessary portfolio re-balancing actions with the click of a button, the broking firm said.
The CEO of the broking firm, Vinay Agarwal, said that Kolkata would be the first to experience the innovative new feature prior to a nationwide launch.
Agarwal says that algorithm used by them is different from execution algos used to execute orders for high networth clients.
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