From Wall street to main street: reaching out to small investors

Author

Krishna, Vamshi ; Ramesh, V.C.

Author_Institution

Dept. of ECE, IIT Res. Inst., Chicago, IL, USA

Volume

Track5

fYear

1999

fDate

5-8 Jan. 1999

Abstract

We present an intelligent agent based portfolio management system, which can be used by the financial services industry to provide inexpensive Internet-based "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.

Keywords

Internet; financial data processing; investment; software agents; stock markets; Internet; costs; financial services industry; intelligent agent; investment banking firms; mutual fund managers; portfolio management system; service quality; small investors; Banking; Costs; Financial management; Humans; Intelligent agent; Investments; Mutual funds; Portfolios; Risk management; Web and internet services;

fLanguage

English

Publisher

ieee

Conference_Titel

Systems Sciences, 1999. HICSS-32. Proceedings of the 32nd Annual Hawaii International Conference on

Conference_Location

Maui, HI, USA

Print_ISBN

0-7695-0001-3

Type

conf

DOI

10.1109/HICSS.1999.772908

Filename

772908