- CFA Exams
- CFA Level I Exam
- Topic 1. Quantitative Methods
- Learning Module 11. Introduction to Big Data Techniques
- Subject 2. Fintech applications to investment management
CFA Practice Question
Which type of investors is considered to be the most appropriate target of robo-advisors?
A. Millennials that value simple, transparent, low-cost services.
B. Extremely affluent investors.
C. Inexperienced investors in a time of market crisis.
Explanation: B: Such investors may need very sophisticated investor strategies that a robo advisor cannot provide.
C: in a time of market crisis, inexperienced investors will most often look to human expertise for guidance.
C: in a time of market crisis, inexperienced investors will most often look to human expertise for guidance.
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