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Robo-Advisory

Investing in the Digital Age

Palgrave Macmillan

Editors:

  • Showcases multiple expert insights into a timely and important topic within the FinTech field
  • Includes both theoretical considerations as well as practical applications and implications in one volume
  • Looks forward to the future, addressing how the finance industry will be challenged with AI, big data and social networks

Part of the book series: Palgrave Studies in Financial Services Technology (FST)

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Table of contents (13 chapters)

  1. Front Matter

    Pages i-xxxix
  2. Status Quo of Robo-Advisory

    1. Front Matter

      Pages 1-1
    2. Robo-Advisory: The Rise of the Investment Machines

      • Peter Scholz, Michael Tertilt
      Pages 3-19
    3. Situating Robo-Advisory

      • Sinan Krueckeberg
      Pages 21-32
  3. Implementation of Robo-Advisory

    1. Front Matter

      Pages 33-33
    2. Risk Preferences of Investors

      • Monika Mueller, Paul Resnik, Craig Saunders
      Pages 35-51
    3. Robo Economicus? The Impact of Behavioral Biases on Robo-Advisory

      • Peter Scholz, David Grossmann, Joachim Goldberg
      Pages 53-69
    4. Quant Models for Robo-Advisors

      • Thorsten Ruehl
      Pages 71-92
    5. Regulation of Robo-Advisers in the United States

      • Melanie L. Fein
      Pages 105-131
    6. Regulation of Robo-Advisory in Europe and Germany

      • Christian Hammer
      Pages 133-160
  4. Case Studies of Robo-Advisory

    1. Front Matter

      Pages 161-161
    2. (Re-)Launching a Robo-Advisor as a Bank

      • Theodor Schabicki, Yvonne Quint, Soeren Schroeder
      Pages 163-186
    3. How Can Robo-Advisory be Implemented and Integrated into Existing Banks?

      • Ana-Maria Climescu, Christian von Keitz, Jan Rocholl, Madeleine Sander
      Pages 187-223
  5. The Future of Robo-Advisory

    1. Front Matter

      Pages 225-225
    2. What Role Do Social Media Play for Robo-Advisors?

      • Ana-Maria Climescu
      Pages 245-255
    3. Success Factors for Robo-Advisory: Now and Then

      • Madeleine Sander
      Pages 257-269
  6. Back Matter

    Pages 271-279

About this book

Robo-Advisory is a field that has gained momentum over recent years, propelled by the increasing digitalization and automation of global financial markets. More and more money has been flowing into automated advisory, raising essential questions regarding the foundations, mechanics, and performance of such solutions. However, a comprehensive summary taking stock of this new solution at the intersection of finance and technology with consideration for both aspects of theory and implementation has so far been wanting. This book offers such a summary, providing unique insights into the state of Robo-Advisory.

Drawing on a pool of expert authors from within the field, this edited collection aims at being the vital go-to resource for academics, students, policy-makers, and practitioners alike wishing to engage with the topic. Split into four parts, the book begins with a survey of academic literature and its key insights paired with an analysis of market developments in Robo-Advisory thus far. The second part tackles specific questions of implementation, which are complemented by practical case studies in Part III. Finally, the fourth part looks ahead to the future, addressing questions of key importance such as artificial intelligence, big data, and social networks. Thereby, this timely book conveys both a comprehensive grasp of the status-quo as well as a guiding outlook onto future trends and developments within the field.

Editors and Affiliations

  • Hamburg School of Business Administration, Hamburg, Germany

    Peter Scholz

About the editor

Peter Scholz has over ten years of practical experience with Deka Investment and Deutsche Bank, where he has worked in capital market related divisions such as Asset Management, Global Markets, Risk Management, Private and Retail Banking. Since 2013, he has been a Professor of Business Sciences, specifically Banking & Financial Markets, at Hamburg School of Business Administration, Germany. His research interests focus on the digitalization of the financial sector, behavioral finance, and the performance of active asset management and equity derivatives, especially on retail certificates and technical timing strategies.


Bibliographic Information

Buy it now

Buying options

eBook USD 119.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 159.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 159.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access