Author: Konstantin T. von Ehrlich-Treuenstätt

Konstantin T. von Ehrlich-Treuenstätt is a founder and currently a Master's student in Business and Economics at the University of Basel. He completed his Bachelor's degree in Economics and Management Science at Leipzig University. A job at a major bank in the field of private banking as well as in the business development of a German robo-advisor motivated him to further dedicate himself to the topic of robo advisory services within the scope of his bachelor thesis. In this context, Konstantin is passionately interested in innovative forms of investment and payment methods.

The Robo-Advisor – A Substitute for the Human Investment Advisor?

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In my last post, I explained what characteristics distinguish the robo-advisory process from that of traditional client advice provided by a human advisor. Today, I explain how exactly these characteristics affect the traditional client advisory process and change it to create the robo-advisory process that I presented in the third post of this series. Finally, I answer the question of which of the two advisory processes is the better one.

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All, Digitization, technologies

What Distinguishes a Robo-Advisor?

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In my last post, I detailed the customer advisory processes for a human advisor and a robo-advisor. Today I explain what causes these differences. This step is important to be able to understand and explain the differences between the two advisory processes and then, in a next step, to be able to derive the impact of robo-advisory services and to evaluate the advantages and disadvantages of robo-advisors compared to the traditional customer advisory process.

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All, Digitization, technologies

Robo-Advisors vs. Traditional Customer Advisors

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My last post before the Christmas break was about which business models and strategies a robo-advisor can align its offering with. Today, I will present the customer advisory processes of traditional, human banking advisory services and robo-advisors. In the rest of the series, I will then discuss the impact caused by robo-advisors which form of advisory is better and whether robo-advisors will be able to replace bank advisors in the near future.

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All, Digitization, technologies

What Is a Robo-Advisor and Why Should We Care?

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In the course of the change from a personalized customer experience at a bank to the desire for standardized and digitized processes, “robo-advisors” are becoming increasingly important. Today’s article looks at how robo advisory services are defined and how they came into being, whether they are serious competition for banks, and what stage of development robo-advisors are at now.

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Digitization, technologies