Robo-advisor Wealthfront is now using AI to manage over billion in assets

Robo-advisors have more than $50 billion in assets under management. And the industry saw more than 200% growth in 2015, according to Aite Group. On Thursday, online automated investment advisor Wealthfront announced a complete redesign to its interface. The biggest change: It will begin incorporating artificial intelligence into its financial services. In addition to looking for hidden fees and cash drag, Wealthfront’s AI will track your account activity and automatically apply that behavior to the advice the company gives you. Wealthfront’s new dashboard forecasts projects your net worth if you keep investing over your lifetime, which the company hopes will motivate investors to stick with their investing and saving strategies over the long term. View gallery.Source: Wealthfront Wealthfront is using application programming interfaces (APIs) to directly integrate your accounts on…


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