An algorithm is just a fancy-sounding word that means a step-by-step way of solving a problem by computer code.
Algorithms can be designed to be very simple in nature or extremely complex.
They are also ubiquitous; not only are they used by computer scientists, but they power everything today from dating apps to mortgage approvals. They are also now a staple of the investment world as they process reams of data in milliseconds – something which would take a human many hours.
The sophisticated algorithms we use have all been carefully crafted by our investment team. Their main function is to select the best investments for you based on your personal circumstances.
And with an algorithm, you get the same sort of investment planning at a fraction of the fee of a traditional investment manager.