Robo-advisors: a futuristic approach to wealth management
Chanchal Phore et al.
What the paper says
The rapid growth of robo-advisory services has sparked increasing academic interest, yet a comprehensive understanding of the intellectual landscape remains underdeveloped. Hence, the present study conducts a bibliometric analysis using performance analysis and science mapping techniques. By applying bibliographic coupling, key research themes are identified and structured using the antecedents-decisions-outcomes (ADO) framework to provide conceptual clarity. The analysis reveals six major themes: Anthropomorphism and Intention to Adopt Robo-Advisors and Driving Forces behind the Emergence and Advancement of Robo-Advisors (Antecedents); Robo-Advisors as Expounding Financial Decision Makers and Functionality and Challenges of Robo-Advisors (Decisions); and Models and Frameworks for Enhancing Investment Performance (Outcomes). This study contributes to literature by mapping the evolution of research in robo-advisory services, identifying thematic clusters, and proposing future research directions. Specifically, it highlights the potential for integrating robo-advisors into ESG-frameworks, exploring post usage investor behaviour, enhancing customer loyalty, and incorporating NLP to reduce behavioural biases in financial decision-making.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.