• Medientyp: E-Book
  • Titel: Robo-Advisors : A Substitute for Human Financial Advice?
  • Beteiligte: Brenner, Lukas [VerfasserIn]; Meyll, Tobias [Sonstige Person, Familie und Körperschaft]
  • Erschienen: [S.l.]: SSRN, [2019]
  • Umfang: 1 Online-Ressource (14 p)
  • Sprache: Englisch
  • DOI: 10.2139/ssrn.3414200
  • Identifikator:
  • Entstehung:
  • Anmerkungen: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 3, 2019 erstellt
  • Beschreibung: Using representative US investor data, we investigate whether automated financial advisors, also referred to as robo-advisors, reduce investors' demand for human financial advice offered by financial service providers. Our results provide a strong negative relationship between using robo-advisors and seeking human financial advice. We show that the substitution effect of robo-advisors is especially driven by investors who fear to be victimized by investment fraud. Our findings suggest that robo-advisors seem to offer a valid alternative for seeking investment advice, especially among those investors who worry about potential conflicts of interest that appear in the context of human financial advice
  • Zugangsstatus: Freier Zugang