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ROBO-ADVISERS could be making us take huge financial risks, leaving us out of pocket.&nbsp;
A third of Gen Z and a fifth of millennials are now using AI-powered bots to get their investment advice.
The tech is being likened to Leonardo DiCaprio&rsquo;s character Jordan Belfort in 2013 film The Wolf Of Wall Street.
Belfort was a real stockbroker who swindled million from investors in New York in the 1990s.
Heather He and Laurence Jones, of Bangor University, said: &ldquo;The evolution of robo-advisers has outpaced the implementation of laws and regulations.
&ldquo;That could expose investors to financial risks and a lack of legal protection.&rdquo;
They reckon that machines are &ldquo;shaking up the&nbsp;way we invest our money&rdquo;. The academics added: &ldquo;Gone are the days when complex tools were reserved for the wealthy or financial institutions.
&ldquo;One of the biggest concerns is based on how having easy access to advanced investment tools may lead some people to overestimate their abilities and take too many financial risks.&rdquo;
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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

n. We will also use usage information in order to ensure users adhere to our Terms of Use. For example, a user’s usage information will help us confirm that a user only downloads a magazine or other content a permitted number of times or to a permitted number of devices.

which gives digital readers unlimited access to 8,500+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.