FinTech innovation from robo advisors to goal based investing and gamification

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PART ONE

Personalize Personal FinanceCHAPTER 1

The Theory of Innovation: From Robo-Advisors to

Goal Based Investing and Gamification3

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CHAPTER 7

The Investment Journey: From Model Asset Allocations to Goal Based

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Concluding Remarks145

Bibliography147

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Part One – Personalize Personal Finance

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Investing and Gamification

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1.1 INTRODUCTION

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FIGURE 1.2

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FIGURE 1.3

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T

2.1 INTRODUCTION

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FIGURE 2.2

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$

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FIGURE 2.3

TABLE 2.2

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T

3.1 INTRODUCTION

$

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FIGURE 3.2

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FIGURE 3.4

$

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of Taxable Investors

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4.1 INTRODUCTION

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FIGURE 4.1

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5.1 INTRODUCTION

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FIGURE 5.2

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FIGURE 5.3

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Investment Experience

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6.1 INTRODUCTION

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FIGURE 6.1

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FIGURE 6.3

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FIGURE 6.5

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FIGURE 6.6

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6.6 PERSONAL VALUES

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FIGURE 6.8

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6.8 GOAL PRIORITY

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FIGURE 6.9

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FIGURE 6.11

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Operational Portfolios

7.1 INTRODUCTION

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FIGURE 7.2

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𝑅∗𝑈⊂𝑈∑𝑗∈𝐴𝑤𝑗≤ 𝑏

7.2.3 Final remarks about Mean-Variance

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( )

𝑐𝑎𝑝𝑚

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7.5 MAIN TRAITS OF PROBABILISTIC SCENARIOOPTIMIZATION

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FIGURE 7.5

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𝑈

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8.1 INTRODUCTION

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