• Richa Pathak

Emerging technologies are revolutionizing the present day banking industry. The application of artificial intelligence in the area of wealth management is cost effective as well as an automated process of serving customers with well designed investment advisory services. Since these advisory services are given with the help of machines based on algorithms and with minimal human intervention that is why they are termed as Robo-advisors. This paper aims to study how robo-advisors can assist in the area of wealth management and deliver a seamless client experience also helps in reducing the risk by forecasting market volatilities and further provide a competitive advantage to the organisations.

Banks, Artificial Intelligence, Wealth Management, Advisory Services,Robo-advisors

"Application of Robo advisors in Wealth Management_Richa Pathak", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.304-309, May-2019, Available :http://www.jetir.org/papers/JETIR1905342.pdf

"Application of Robo advisors in Wealth Management_Richa Pathak", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp304-309, May-2019, Available at : http://www.jetir.org/papers/JETIR1905342.pdf