EFA Annual Meeting in Philadelphia

Today, I have presented Michael’s and my work on robo-advisory at the 54th Annual Meeting of the EFA in Philadelphia.

You find a recording of the talks‘ content here and you can download our paper here.

We received very good feedback and I could make a lot of new and interesting contacts.

Greetings from fantastic Philadelphia!

Privatanleger auf dem Finanzmarkt — Workshop in Frankfurt / Main

Warum legen verhältnismäßig wenige Deutsche ihr Geld in Aktien und anderen Wertpapieren an? Was müsste man tun, damit die Privatanleger ihr Verhalten verändern? Ist der Finanzmarkt schlicht zu komplex für Privatanleger?

Diesen und anderen Fragen gingen die Teilnehmer auf dem Workshop Privatanleger auf dem Finanzmarkt vom 15. bis 16. Februar in Frankfurt / Main nach.

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World Finance Conference in Cagliari

Currently, Michael and myself are attending the World Finance Conference in beautiful Cagliari. The organizers provide a conference at a beautiful venue and hosting us perfectly.

Today, I presented our research findings on the risk profiling of robo-advisory. We got great feedback and had lots of discussions. Thank you very much! This makes the WFC fantastic.

You find a recording of the talks‘ content here.

Greetings from Sardinia!

World Finance Conference 2017: To Advise, or Not to Advise — How Robo-Advisors Evaluate the Risk Preferences of Private Investors

Photo by trolvag [CC BY-SA 3.0], via Wikimedia Commons

From July 26th until 28th, the World Finance Conference will take place at Cagliari University in Sardinia, Italy. I am invited to present the findings of a joint work with Michael Tertilt, an alumnus of HSBA’s MBA program. I am really looking forward to meet and greet!

Abstract

Robo-advisors promise efficient, rational, and transparent investment advisory. We analyze how robo-advisors ascertain their user’s risk tolerance and which equity exposure is derived from the individual risk profile. Our findings indicate significant differences in the quality of offered investment advice. On average, robo-advisors ask relatively few questions in their user’s risk profile assessment, and it is particularly surprising that some of the questions seem not to have any impact on the risk categorization. Moreover, the recommended equity exposure is relatively conservative.

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QuantInvest 2016 in Munich

Directlimagey after the VI. HSBA Finance Conference, I travelled to Munich to participate in QuantInvest 2016. My co-author Ursula presented the results of our joint work „Avoiding pitfalls when measuring quantitative strategies: A new perspective“. We met some very interesting people there and made some great contacts. Thanks to the organizers for inviting us — it has been a great experience! If you are interested in our paper, you will find it here.