Financial

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  • Robot stocks: Black Knight

Robots are even giving out financial advice these days.

One of the biggest disruptive forces in finance is the advent of robo advisors. These platforms provide automated investment services at far cheaper costs than humans.

It's being led by WealthFront and Betterment but even more established players like BlackRock (BLK), Charles Schwab (SCHW) and Fidelity are jumping into the game.

Robots are carving a role elsewhere on Wall Street, including automated trading, fraud detection and credit risk-checking.

BofA only singles out Black Knight Financial Services (BKFS) as having medium exposure. The company has a platform of automated valuation models that help mortgage companies analyze properties.

First published November 12, 2015: 10:24 AM ET

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