From Wall Street to Main Street: Reaching out to Small Investors
نویسندگان
چکیده
In this paper, we present an intelligent agent based portfolio management system, which can be used by the financial services industry to provide inexpensive Internetbased "self serve" offerings to small investors. This system is designed to assist investment banking firms, which offer funds of funds. Banker agents assist mutual fund managers in devising a global efficient frontier from the individual risk-return characteristics of each of the funds from which a portfolio can be constructed. Investor agents offer personalized advice to each individual investor regarding the choice of a portfolio. The various investor agents also learn from each other through "forums" hosted by the concerned financial services firm. Such a system requires minimal human intervention on both sides (the banker and the investor) thereby reducing costs without sacrificing service quality.
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