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Research Article

A Case Study on the Hybrid Robo-advisor

Choi, Wonu1 · Doojin Ryu1

1 Sungkyunkwan University

Published: January 2018 · Vol. 22, No. 3 · pp. 33-52

DOI: https://doi.org/http://dx.doi.org/10.17287/kbr.2018.22.3.33

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Abstract

Using big data and artificial intelligence technology, Robo-advisor provides convenient access to online, low-cost small asset management. It attracts small asset holders who are alienated from large asset holder-oriented asset management markets and investors who are familiar with IT. However, Robo-advisor has some limitations, such as an inability to consider individual investors’ psychological or emotional issues, a failure to provide customized financial plans and advice, and an inability to respond to sudden market fluctuations. To complement these limitations, a Hybrid Robo-advisor, which involves human investment specialists, is introduced. In the US and abroad markets, this type of Hybrid Robo-advisor has been actively introduced and is offered in various forms, but the provision of domestic Hybrid Robo-advisor services is relatively limited. In this study, we investigate the current statuses and types of Hybrid Robo-advisors used in the US. Based on this investigation, we suggest that companies need to actively utilize Hybrid Robo-advisor in order to secure a customer group that is not satisfied with existing services in the domestic Robo-advisor market. In addition, we investigate the differentiated service types provided by the Hybrid Robo-advisor and the relationships of additional customer segments.
Keywords: 4차 산업혁명사례연구인공지능핀테크하이브리드 로보어드바이저