Banker bot wins big client list

NEW YORK (Reuters) - Charles Schwab Corp's automated investment service grew about 29 percent to $5.3 billion at the end of the fourth-quarter, rising despite volatile U.S. financial markets, a spokeswoman said Wednesday.

Schwab Intelligent Portfolios, a "robo adviser" that allocates cash among exchange-traded funds according to formulas based on client questionnaires, has been boosted by sign-ups from investors since its launch last March.

The San Francisco-based company previously reported the program's total assets stood at $4.1 billion, as of Sept. 30, the spokeswoman, Alison Wertheim, said.

Hmmm.....OK, make sure there is honest accountin g, only honest bots can aggregate the bids.  Then, offer a few profile types, each one a virtual coin with a virtual savings and loan curve. In essence, a virtual credit card. It needs absolute guaranteed no human tampering or cheating. The bot is splitting the savings and loans, keeping the first and second derivatives lined yup for what ever model is declared. Let Schwab show a better model than banker bot. But, the model has a risk profile, which is the ratio of virtual coin  at risk, up to the rebalance point. A branch exceeds liquidity, it is rebalanced down, there will be marginal losses and gain s as the savings and loan chips adjust at the boundary. We get pure cash before the helicoptere flies!