Digital Wealth Management

Definition

Digital Wealth Management denotes one of the new Fintech financial services platforms (including robo-advisors), that use algorithms based on consumers’ data and risk preferences to provide digital services, including investment and financial advice, directly to consumers.

Digital wealth management platforms provide services including:

• portfolio selection
• asset allocation
• banking and account aggregation, and
• online risk assessments.

See Also

• Fintech

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