Robo-advisor with Python : a hands-on guide on how to build and operate your own robo-advisor / Aki Ranin.

Format:

Book

Author/Creator:

Ranin, Aki, author.

Language:

English

Subjects (All):

Investments--Technological innovations.

Investments.

Artificial intelligence--Economic aspects.

Artificial intelligence.

Python (Computer program language).

Physical Description:

1 online resource (250 pages)

Edition:

1st ed.

Place of Publication:

Birmingham ; Mumbai : Packt Publishing, Limited, [2023]

Summary:

Robo-Advisor with Python is a hands-on book for professionals with an interest in digital wealth management and goal-based investing. You'll learn and build all the key features of a typical robo-advisor, whether you plan to build one to manage your own money or run a platform for retail investors.

Contents:

Cover

Title Page

Copyright and Credit

Contributors

Table of Contents

Preface

Part 1: The Basic Elements of Robo-Advisors

Chapter 1: Introduction to Robo-Advisors

What is a Robo-advisor?

How does a Robo-advisor work?

Origins of the Robo-advisor

Evolution of the Robo-advisor

From consumer platforms to B2B

From America to the rest of the world

From risk to goal-based investing

The future of Robo-advisors

Summary

Further reading

Chapter 2: What Makes Up a Robo-Advisor?

Understanding the workflow of a standard Robo-advisor

Introducing financial planning and Goal-based investing

Questionnaires for Goals

Defining risk profiling, portfolios, and projections

Modern portfolio theory

Risk questionnaires

Portfolio construction and allocation

Projections

Risk profiling and projections for Goals

Opening accounts, performing KYC and AML, and funding accounts

Automated account opening

Different types of accounts

Accounting for Goals

KYC and AML

Funding your account

Introducing order management and execution

Price feed

Broker

Compliance

Order management

Order execution

Order allocation

Learning how to operate a Robo-advisor

Dividends

Fee management and billing

Rebalancing

Performance reporting

Statements

Account and user management

Chapter 3: Robo-Advisor Platforms versus Algorithms

Managing your own investments with Robo-advisor algorithms

Managing customer investments with Robo-advisor platforms

Scaling up from algorithms to a full Robo-advisor platform

Chapter 4: Leasing, Buying, or Building Your Own Robo-Advisor

Building or subscribing to a Robo-advisor as a consumer

Building, buying, or leasing a Robo-advisor platform as a business.

Leasing a Robo-advisor

Buying a Robo-advisor

Building a Robo-advisor

Part 2: Building Your Own Robo-Advisor

Chapter 5: Basic Setup and Requirements for Building a Robo-Advisor

Installing and setting up Python for the hands-on chapters

Starting Google Colab

Working with Colab notebooks

Installing and setting up the required Python modules

Importing, reading, and visualizing market data

Chapter 6: Goal-Based Investing

Creating your first investment Goal using Python

Modeling and creating different types of investment Goals

Creating necessary objects for investment Goals

Learning different approaches to tying Goals to accounts

Chapter 7: Risk Profiling and Scoring

Key concepts in risk profiling and scoring

Creating and answering a risk questionnaire

Calculating a risk score

Chapter 8: Model Portfolio Construction

Learning about the key concepts of modern portfolio theory (MPT)

Creating your first portfolio

Analyzing the makeup of your portfolio

Creating multiple portfolios using risk bands

Mapping model portfolios to risk scores

Understanding the differences between self-directed and managed portfolios

Chapter 9: Investment Projections

Learning about key inputs for calculating projections

Calculating investment projections

Visualizing investment projections

Calculating Goal probability

Chapter 10: Account Opening and KYC

Learning about the typical information required to open investment accounts

Basic information for KYC

Data validation examples

Documents for KYC

Document upload example

Document data extraction

Understanding the KYC workflow

AML checks

Special account types

Summary.

Chapter 11: Funding Your Account

Initiating wire transfers

Validating wire transfers

Initiating direct debit transfers

Validating direct debit transfers

Chapter 12: Order Management and Execution

Technical requirements

Requirements for creating an order

Differences between fractional and whole-share orders

Creating an order

Advanced order management

Splitting orders

Order aggregation

Part 3: Running and Operating Your Own Robo-Advisor

Chapter 13: Performance Reporting

Calculating P&amp

L for your portfolio

Comparing portfolio performance to a benchmark

Chapter 14: Rebalancing

Calculating portfolio drift

Implementing time-based rebalancing

Implement threshold-based rebalancing

Chapter 15: Dividends and Fee Management

Calculating dividends

Calculating fees

Chapter 16: Regulations for Robo-Advisors

Regulatory requirements to run your own Robo-advisor

Guidelines for Robo-advisors in America

Guidelines for Robo-advisors in Europe

Guidelines for Robo-advisors in Asia

Licensing options for Robo-advisors - Investment advice versus portfolio management

Licensing exemptions for B2B Robo-advisors

Differences between self-directed and managed portfolios

Requirements for a Robo-advisor platform with managed portfolios

Requirements for a Robo-advisor platform with self-directed portfolios

Index

Other Books You May Enjoy.

Notes:

Description based upon print version of record.

Creating multiple portfolios using risk bands

Description based on print version record.

ISBN:

9781801819008

1801819009

OCLC:

1372397869