What is Best Robot Advisor? Best Robot Advisor, also known as BRA, was designed by a software company called Best Investment Advisors. Best Investment Advisors was founded in 2013 and has its headquarters in New York City.
Best Robot Advisor was created to manage people’s portfolios. The way it works is that the user signs up on Best Investment Advisors’ website and then Best Robot Advisor does everything for them. Best Robot Advisor is an algorithm that uses the user’s complete financial history to invest in stocks, bonds, commodities, currencies, etc. Best Robot Advisor can also help with making savings goals and plotting out one’s path to retirement.
Best Robot Advisor was created by applying machine learning techniques to Best Investment Advisors’ preexisting investment platform. Best Robot Advisor was only available to Best Investment Advisory’s clients initially, but they opened it up to the public in April of 2014. The reason why Best Robot Advisor has many people buzzing is that it can outperform most other financial advisors and asset managers across a variety of different portfolios despite the fact that Best Robot Advisor only costs 0.5% per year. Best Robot Advisor is currently being used by people from over 40 different countries and has a total of around 100,000 users in its database.
BRA has been so successful because it analyzes a user’s investment goals and puts them into context with their overall risk tolerance before making any financial decisions. Best Robot Advisor also gives users daily updates on how their investments are performing which makes them feel like they’re actually making progress towards their goals instead of feeling helpless or in the dark. Best Investment Advisors is so confident about Best Robot Advisor’s capabilities that Best Investment Advisory guarantees it will outperform any other investment advisor for at least five years. Best Robot Advisor is a great example of automation and machine learning in the business world because they took something that was usually done by an actual person and turned it into a computer program, making Best Investment Advisors more efficient.