The Perfect Investment App Made to Meet Your Needs
Understanding the stock market can be a bit daunting, especially if you are new to it. But it’s undeniably one of the best ways to invest your money. But because of its complex nature, the stock market constantly fluctuates, and you will experience extreme gains. And at the same time, you will suffer from losses too. And since there are tons of news where investors become rich due to smart investing in the stock market, people are trying to jump right into the bandwagon and get to learn and invest in the stock market.
If you only have ample knowledge about the stock market and everything about it, you will need a financial advisor to help you create a winning portfolio. These people can be costly, which is why looking for an alternative is essential. In times like these, you can make use of a custom robo advisor. These are apps, which you can customize to meet your specifications. Bambu offers a white label custom robo advisor solution made for both customers and advisors.
Understanding what a Robo-Advisor Does
Being a beginner in investing can be daunting, which is why you will often need help from professional financial advisors. But the problem is that these are costly, and you might be spending too much money paying for them instead of investing it in the stock market. Robo advisors are a great deal of help in times like these because these are platforms or software that your clients can efficiently utilize. They need to log in to the platform and input into the software what they can risk and their financial goals.
These don’t need human supervision because they can quickly spit out an algorithm-based financial planning service. It can guide you to choose the right decision, primarily when investing in ETF or exchange-traded funds. They can even buy the ETFs for you until you have enough to buy your own in the future. These Robo advisors charge fees, but it’s a fraction compared to a real-life human financial advisor. And with a customized Robo, you can easily meet your goals in no time.
Benefits of Using a Robo Advisor
One of the most favourable benefits of using custom Robo advisors is that these are very low cost. Before these Robo advisors were created, hiring a financial advisor meant you needed to pay them roughly over 1% of assets under management or AUM. Now, there are many affordable Robo advisors designed for investors and your clients that are cost-conscious. You only have to pay about 0.25% AUM total for a portfolio.
Most financial advisors will choose to white label or give the burden of the job to a custom Robo advisor. It will make their job more specific to the more complex parts, such as estate planning, tax, and financial issues. At the same time, the Robo advisors will do the tiring task of choosing the assets that their clients can invest in. Thankfully, Bambu is here to give financial advisors the freedom to make use of their time wisely.