TY - JOUR T1 - Robo-Advisors versus Traditional Investment Advisors: <em>An Unequal Game</em> JF - The Journal of Wealth Management SP - 44 LP - 50 DO - 10.3905/jwm.2018.21.1.044 VL - 21 IS - 1 AU - Matthias W. Uhl AU - Philippe Rohner Y1 - 2018/04/30 UR - https://pm-research.com/content/21/1/44.abstract N2 - To obtain diversified market exposure, a passive implementation of an investment strategy is generally cheaper, more efficient, and more transparent and thus a preferred way to invest for cost-sensitive clients. Robo-advisors will not only become the preferred investment solution for retail clients but will also gain importance in the affluent and high-net-worth individual segments. Through cooperation with fintech companies or acquisition of innovative technology, robo-advice could become an increasingly important element for traditional banks and wealth managers.TOPICS: Wealth management, quantitative methods ER -