Once upon a time, there lived a wise man in a village. All the villagers used to discuss important matters with him before taking any decisions, including finances. He always suggested the villagers what is apt for them. This was undoubtedly one of the easy practice and villagers also used to be very happy with this. But, the scenario turned pretty complicated when this wise man passed away. The primary challenge for the villagers was to take diligent decision – making calls in his absence because they lacked the wisdom of knowledge. Since the power of knowledge was with the wise man and he was easily accessible, hence the villagers never bothered to upgrade themselves.
This is a scenario which had been prevailing for a long time in our lives. If we consider the wise men to be a financial planner and the villagers as commoners, we can relate to this story. Even a decade back also, people used to take all the financial decisions as per the recommendations of someone else, irrespective of understanding that whether these investments are in sync with his life goals.
The trend started witnessing a change when the technology starting sweeping our lives with its convenience. The onset of Fintech and the outset of Robo – Advisory in the financial industry is undoubtedly the game changer. These simplified the complicated puzzle of dealing with money – matters and made people independent in terms of decision – making.
Robo – Advisory is a new - edge affair of online financial portfolio management with minimal human interference. This platform is basically algorithm driven and power – packed with the competence of data analysis which has definitely affected the lives of commoners in a positive way through its various implications such as
Robo – Advisory is a convenient proposition. All is required is a smartphone and internet connectivity. 5nance.com, a leading robo - advisory platform of this era, has its presence crafted in a user – intuitive app. Once the app is installed in the mobile device life as well as financial decision – making become easier; since you start receiving updates on the regular basis and hence required actions can be taken.=
Portfolio Managers are costly affairs and their suggestions come with a premium. Though these suggestions are subjected to market risks which they are not to be held liable for the same. But Robo – Advisory is affordable. 5nance.com provides free financial and investment advisory to all its users
3. High Accuracy Rate
The platform is backed by intelligent algorithms which enhance its accuracy rate. The algorithms analyze the market data as well as the trends before it comes up with any sort of recommendations. Hence it eliminates the factor of human error
4. Personalized Investment Advisory
Perhaps this is one of the revolutionary affairs which has changed the entire scenario. It initiates with the understanding of the investment instinct of every individual through risk appetite analysis. Followed by that, it understands your life goals and then curates its investment advisory accordingly to ensure that you live them at the earliest.
Robo – Advisor is like that best friend who always stands by you and handholds you throughout the journey of your life. It enriches you not only with the investment updates but also sensitizes you with exit recommendations. Internationally, there are players like Charles Schwab and Betterment have already marked their presence felt in practicing robo- advisory services and Indian banks and financial institutes are trying to adopt the same. It ensures that your money goals are properly met and you are cognizant of the industry as well as your investments and financial status.
In Indian scenario, 5nance.com has already carved their niche in this sector and enriching the lives of their customers.
Check out 5nance.com to explore the world of robo - advisory since Money Matters to You and You Matter to 5nance.