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LendingRobot Announces New Product For Advisors

LendingRobot Announces New Product For Advisors

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LendingRobot Announces New Product For Advisors

LendingRobot is an automated investment tool that lets users participate in peer-to-peer lending. According to Tech Crunch, the company's platform uses a high-speed automation software and machine-learning algorithm that automate the lending process and can finalize a transaction in less than one second after it is initially posted.

On Thursday, LendingRobot announced the creation of a new product called LendingRobot For Advisors, which similarly merges machine-based high-speed investing with the supervision of registered investment advisors.

According to the company's press release, financial advisors can manage their client accounts through one unified dashboard while leveraging its algorithm investment strategies and automated portfolio management.

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LendingRobot further noted that its new product is the result of a close collaboration between itself and Millennium Trust, a provider of custodial services for financial advisors on its platform.

Financial advisers can sign up for the product by creating a parent account and then linking accounts of their clients under their supervision. Once an account is created the advisers can create risk and investment profiles for each client and are then managed by LendingRobot's algorithm based on individual preferences.

Advisors interested in this new product can sign up and begin connecting client accounts at www.lendingrobot.com/advisors.

"Our goal as a company has always been to empower individual investors in peer lending with the best tools to compete with the ‘big guys' by automating everything from initial investments, to reinvesting cash returns, to pricing and selling on the secondary market," said Emmanuel Marot, CEO of LendingRobot.

"Managing that process to maximize returns within even a single portfolio is a herculean task. Today, if you are a financial advisor with 30 clients all interested in diversifying with peer lending, that task is next to impossible. Even the best chess players today are a team of 2: a computer and a human. This is why we've created LendingRobot For Advisors — bringing together the expertise of human advisors with the automation and simplicity of our algorithms."

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Posted-In: Emmanuel Marot LendingRobot LendingRobot For Advisors Peer To Peer LendingFintech News Personal Finance Best of Benzinga

 

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