Up until now, all risk tolerance questionnaires were based on risk preference, or how much risk a person wants to take. Their product also scores how much risk a person can take based on their current life situation, which is called risk capacity. Using algorithm-based quantitative models that are accurate enough to hold up in arbitration, these 2 scores are weighed against the client's current portfolio to assist the advisor in selecting the right portfolio mix. We talked to Larry Shumbres, CEO of Totum Risk, and found out what makes their approach unique. Larry became CEO of the company in September 2017.

When something is working (especially profitable trades) don't ask why, just trade bigger. Seems like Man Group (a $96 billion dollar hedge fund) created an artificial intelligence (AI) program that worked so well that alpha just rolled in. Problem; they didn't know how the'robot' worked and made the trades it did. Memo to Man Group; when explaining the strategy the word is PROPRIETARY. And say it with authority.

OK, we at FintekNews believe in being fair and and equal to ALL the investment/ trading/ money management firms that have "the next best robo-advisor" out there. So here's a story that first appeared in HuffPo talking about TD Ameritrade'discovering' that these newfangled robos might catch on and have a big influence on the finance sector. Boy, good to see they are up-to-date and sure hope their top pick isn't the "Steam Railroad Company". Seriously though, they recently launched their robo Essential Portfolios, and are now in the robo fight for millennial (and other) investor money with all the other major financial players out there, including Schwab's Intelligent Portfolios, Betterment and more. "Today's youth are often referred to as "digital natives." This generation has never been without smartphones or "touch-based" screen experiences. They have been raised communicating via text messaging and completing transactions through apps. As a result, they have a comfort level with ...