Shariah-compliant robo advisor Algebra to pilot in Asia before going global

Shariah-compliant robo advisor Algebra to pilot in Asia before going global

Photo: Reuters

Malaysia-based private wealth management firm Farringdon Group is all set to finally launch its Shariah-compliant robo advisor Algebra next month, after its earlier plan to launch it late last year was delayed.

A robo advisor is an online wealth management service that provides automated, algorithm-based portfolio management advice without the use of human financial planners.

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