Summary

In this chapter, we’ve examined the thought processes involved in deciding whether to build a Robo-advisor. We started by covering the simple case of an individual, and why you might want to learn about the inner workings of a Robo-advisor in addition to, or as an alternative to, simply using an online Robo-advisor. For those already engaging in algorithmic trading, or pursuing a career in digital wealth, it should be well worth the time spent in learning, even if you don’t end up managing your money with your own Robo-advisor long term.

For businesses, the question is much more nuanced. We explored separately the concerns around buying, leasing, or building a Robo-advisor. We began by looking at the most common approach, which is leasing or licensing. There, we explored some of the differences in leasing and licensing models, from SaaS to API and COTS-based implementations. Most businesses should find a workable solution from that list, with smaller advisory...