Dublin, Sept. 03, 2024 (GLOBE NEWSWIRE) -- The world of investment management services has evolved significantly in recent years, with new technologies and approaches changing the way individuals and institutions manage their wealth. Asset management, the practice of buying, selling, and managing investments to increase wealth over time, has become more accessible and sophisticated than ever before. Picking the right assets and aligning your allocation with your goals can be tough. An investing app for portfolio management can make that process easier and more efficient.
Hiring someone to manage your investment portfolio may sound like a service only the wealthy need or can afford. But investment management services have become more democratized, with options available for investors of all levels. SVB Asset Management (NYSE:SAM) is a prime example of a firm that has helped clients in the innovation economy achieve their investment objectives through exercising fiduciary care as a trusted advisor.
To determine the top robo-advisors on the market, CNBC Select compared over 20 different automated investing services. These robo-advisors use algorithms and AI to create and manage portfolios for clients, offering a hands-off approach to investing that is both cost-effective and efficient. Investment firms' use of artificial intelligence is rising as AI tech becomes a game changer in the industry. Now the stakes are rising, too, as competition heats up among firms looking to leverage AI for better investment outcomes.