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Robo-Advisor with Python
Robo-Advisor with Python

Robo-Advisor with Python: A hands-on guide to building and operating your own Robo-advisor

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Robo-Advisor with Python

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Key benefits

  • Explore the use cases, workflow, and features that make up robo-advisors
  • Learn how to build core robo-advisor capabilities for goals, risk questions, portfolios, and projections
  • Discover how to operate the automated processes of a built and deployed robo-advisor

Description

Robo-advisors are becoming table stakes for the wealth management industry across all segments, from retail to high-net-worth investors. Robo-advisors enable you to manage your own portfolios and financial institutions to create automated platforms for effective digital wealth management. This book is your hands-on guide to understanding how Robo-advisors work, and how to build one efficiently. The chapters are designed in a way to help you get a comprehensive grasp of what Robo-advisors do and how they are structured with an end-to-end workflow. You’ll begin by learning about the key decisions that influence the building of a Robo-advisor, along with considerations on building and licensing a platform. As you advance, you’ll find out how to build all the core capabilities of a Robo-advisor using Python, including goals, risk questionnaires, portfolios, and projections. The book also shows you how to create orders, as well as open accounts and perform KYC verification for transacting. Finally, you’ll be able to implement capabilities such as performance reporting and rebalancing for operating a Robo-advisor with ease. By the end of this book, you’ll have gained a solid understanding of how Robo-advisors work and be well on your way to building one for yourself or your business.

Who is this book for?

If you are a finance professional or a data professional working in wealth management and are curious about how robo-advisors work, this book is for you. It will be helpful to have a basic understanding of Python and investing concepts. This is a great handbook for developers interested in building their own robo-advisor to manage personal investments or build a platform for their business to operate, as well as for product managers and business leaders in financial services looking to lease, buy, or build a robo-advisor.

What you will learn

  • Explore what Robo-advisors do and why they exist
  • Create a workflow to design and build a Robo-advisor from the bottom up
  • Build and license Robo-advisors using different approaches
  • Open and fund accounts, complete KYC verification, and manage orders
  • Build Robo-advisor features for goals, projections, portfolios, and more
  • Operate a Robo-advisor with P&L, rebalancing, and fee management

Product Details

Country selected
Publication date, Length, Edition, Language, ISBN-13
Publication date : Feb 28, 2023
Length: 250 pages
Edition : 1st
Language : English
ISBN-13 : 9781801819008
Category :
Languages :

What do you get with eBook?

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OR
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Product Details

Publication date : Feb 28, 2023
Length: 250 pages
Edition : 1st
Language : English
ISBN-13 : 9781801819008
Category :
Languages :

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Table of Contents

21 Chapters
Part 1: The Basic Elements of Robo-Advisors Chevron down icon Chevron up icon
Chapter 1: Introduction to Robo-Advisors Chevron down icon Chevron up icon
Chapter 2: What Makes Up a Robo-Advisor? Chevron down icon Chevron up icon
Chapter 3: Robo-Advisor Platforms versus Algorithms Chevron down icon Chevron up icon
Chapter 4: Leasing, Buying, or Building Your Own Robo-Advisor Chevron down icon Chevron up icon
Part 2: Building Your Own Robo-Advisor Chevron down icon Chevron up icon
Chapter 5: Basic Setup and Requirements for Building a Robo-Advisor Chevron down icon Chevron up icon
Chapter 6: Goal-Based Investing Chevron down icon Chevron up icon
Chapter 7: Risk Profiling and Scoring Chevron down icon Chevron up icon
Chapter 8: Model Portfolio Construction Chevron down icon Chevron up icon
Chapter 9: Investment Projections Chevron down icon Chevron up icon
Chapter 10: Account Opening and KYC Chevron down icon Chevron up icon
Chapter 11: Funding Your Account Chevron down icon Chevron up icon
Chapter 12: Order Management and Execution Chevron down icon Chevron up icon
Part 3: Running and Operating Your Own Robo-Advisor Chevron down icon Chevron up icon
Chapter 13: Performance Reporting Chevron down icon Chevron up icon
Chapter 14: Rebalancing Chevron down icon Chevron up icon
Chapter 15: Dividends and Fee Management Chevron down icon Chevron up icon
Chapter 16: Regulations for Robo-Advisors Chevron down icon Chevron up icon
Index Chevron down icon Chevron up icon
Other Books You May Enjoy Chevron down icon Chevron up icon

Customer reviews

Rating distribution
Full star icon Full star icon Full star icon Full star icon Half star icon 4.2
(5 Ratings)
5 star 60%
4 star 20%
3 star 0%
2 star 20%
1 star 0%
Om S Mar 12, 2023
Full star icon Full star icon Full star icon Full star icon Full star icon 5
"Build your own robo-advisor in Python to manage your investments and get up and running in no time" is an essential guide for anyone who is interested in understanding the core concepts and functionalities of robo-advisors. Written by a team of experts, this book covers everything from the basics of robo-advisors to their implementation using Python programming language.The book begins by providing an overview of robo-advisors and their importance in the wealth management industry. It then covers the key decisions and considerations that one must take into account while building and licensing a platform. The authors provide a detailed explanation of the end-to-end workflow of a robo-advisor and explain how to create a workflow to design and build a robo-advisor from the bottom up.The book also provides hands-on experience in building and licensing robo-advisors using different approaches. The authors provide a step-by-step guide on how to open and fund accounts, complete KYC verification, and manage orders. The book also explains how to build robo-advisor features for goals, projections, portfolios, and more. It provides an insight into how to operate a robo-advisor with P&L, rebalancing, and fee management.One of the highlights of this book is that it is written in a clear and concise language, making it accessible even for beginners. The authors provide real-world examples and use cases to illustrate the concepts, making it easier for readers to grasp the core concepts of robo-advisors.Overall, "Build your own robo-advisor in Python to manage your investments and get up and running in no time" is an excellent book for anyone who is interested in understanding the concepts and implementation of robo-advisors. It is highly recommended for finance professionals or data professionals working in wealth management, product managers, and business leaders in financial services.
Amazon Verified review Amazon
Allan Chua Apr 02, 2023
Full star icon Full star icon Full star icon Full star icon Full star icon 5
Highly recommended book for people who either:1. Want to invest in Robo-advisors.2. Want to be employed by Robo-advisor companies.3. Want to build your own Robo-advisor for personal use.Aki did a great job of explaining the most critical concepts surrounding the development of a robo advisor (Goal-based investing, risk profiling, portfolio composition, KYC, account funding and order management).The author did a great job of providing working Python code and libraries (plaid, pyhanko, yfinance, pandas_montecarlo, smartystreets) for most features which makes it more valuable for professionals working in the Fintech industry.Great job on the book and I hope to see a 2nd edition of it!
Amazon Verified review Amazon
Andrei Safronov Apr 22, 2023
Full star icon Full star icon Full star icon Full star icon Full star icon 5
I have an experience working in the Digital Investment firm and I was excited to finally see the book dedicated to this topic. Robo-Advisory is a mainstream and very attractive business nowadays. I wish I had read this book when I started my career in this domain!Firstly, the book is written in a very clear and simple language, which makes it great even for non-native English speakers.But in the same time this book provides all-around overview of the Robo-Advisory operations and architecture with a deep level of details and real-life examples.I believe this book could be super useful for both engineers and non-tech professionals, who are involved or just curious about digital investements and robo-advisory, as well as could help and guide juniors in building their own Robo-Advisory app as a pet-project.Author and publishing team did truly great job! I hope to see more books and insights related to the wealth management and robo-advisory's challenges and their future evolution!
Amazon Verified review Amazon
copolayuki Aug 13, 2023
Full star icon Full star icon Full star icon Full star icon Empty star icon 4
good
Amazon Verified review Amazon
I_HATE_THIS Aug 26, 2024
Full star icon Full star icon Empty star icon Empty star icon Empty star icon 2
I returned this book immediately after skimming through it for five minutes. With 25 years of coding experience, 20 of which were spent working for banks, financial companies, and related industries, this book felt too basic for me. It seems more suited for someone just starting out or still in school. If you're planning to start a business in the robo-adviser space, this book is definitely not for you. And if it is, then your startup is probably not ready.
Amazon Verified review Amazon
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