Build a Robo Advisor with Python (From Scratch): Automate Your Financial and Investment Decisions
Language: English
Published by Manning, 2025
- Softcover
- Used
Seller: Devils in the Detail Ltd, Oxford, United KingdomDevils in the Detail Ltd
AbeBooks seller since June 5, 2013
Condition: Used - Good
£ 20.00
Quantity: 1 available
Add to basketItem description from seller
Picture Shown is For Illustration Purposes Only : CONDITION : GOOD : little crease and cut to back cover.
Seller Inventory # 656/PP/625P 672
- Title
- Build a Robo Advisor with Python (From Scratch): Automate Your Financial and Investment Decisions
- Author
- Rob Reider
- Publisher
- Manning
- Publication year
- 2025
- Condition
- Good
- Binding
- Soft cover
- Language
- English
- ISBN 10
- 1633439674
- ISBN 13
- 9781633439672
Automated digital financial advisors--also called robo-advisors--manage billions of dollars in assets. Follow the step-by-step instructions in this hands-on guide, and you'll learn to build your robo-advisor capable of managing a real investing strategy.
In Build a Robo-Advisor with Python (From Scratch) you'll learn how to:
- Measure returns and estimate the benefits of robo-advisors
- Use Monte Carlo simulations to build and test financial planning tools
- Construct diversified, efficient portfolios using optimization and other methods
- Implement and evaluate rebalancing methods to track a target portfolio over time
- Decrease taxes through tax-loss harvesting and optimized withdrawal sequencing
- Use reinforcement learning to find the optimal investment path up to, and after, retirement
Automated "robo-advisors" are commonplace in financial services, thanks to their ability to give high-quality investment advice at a fraction of the cost of human advisors. Build a Robo-Advisor with Python (From Scratch) teaches you to develop one of these powerful, flexible tools using popular and free Python libraries. You'll master practical Python skills in demand in financial services, and financial planning skills that will help you take the best care of your money. All examples are accompanied by working Python code, and are easy to adjust for investors anywhere in the world.
Purchase of the print book includes a free eBook in PDF and ePub formats from Manning Publications.
About the technology
Millions of investors use robo-advisors as an alternative to human financial advisors. In this one-of-a-kind guide, you'll learn how to build one of your own. Your robo-advisor will assist you with all aspects of financial planning, including saving for retirement, creating a diversified portfolio, and decreasing your tax bill. And along the way, you'll learn a lot about Python and finance!
About the book
Build a Robo-Advisor with Python (From Scratch) guides you step-by-step, feature-by-feature as you create a robo-advisor from the ground up. As you go, you'll dive into techniques like reinforcement learning, convex optimization, and Monte Carlo methods that you can apply even outside the field of FinTech. When you finish, your powerful assistant will be able to create optimal asset allocations, rebalance investments while minimizing taxes, and more.
What's inside
- Advanced portfolio construction techniques
- Tax-loss harvesting, sequencing of retirement withdrawals, and asset location
- Financial planning using AI and Monte Carlo simulations
- Rebalancing methods to track a portfolio over time
About the reader
Accessible to anyone with a basic knowledge of Python and finance--no special skills required.
About the author
Rob Reider is a quantitative hedge fund portfolio manager. He holds a PhD in Finance from The Wharton School and is an Adjunct Professor at NYU. Alex Michalka is head of investments research at Wealthfront. He holds a PhD from Columbia University.
Table of Contents
Part 1
1 The rise of robo-advisors
2 An introduction to portfolio construction
3 Estimating expected returns and covariances
4 ETFs: The building blocks of robo-portfolios
Part 2
5 Monte Carlo simulations
6 Financial planning using reinforcement learning
7 Measuring and evaluating returns
8 Asset location
9 Tax-efficient withdrawal strategies
Part 3
10 Optimization and portfolio construction
11 Asset allocation by risk: Introduction to risk parity
12 The Black-Litterman model
Part 4
13 Rebalancing: Tracking a target portfolio
14 Tax-loss harvesting: Improving after-tax returns
"Synopsis" may belong to another edition of this title.
About the Author
Alex Michalka has worked in finance and technology since 2006. He began his career developing weather derivative pricing models at Weatherbill, spent six years conducting research on quantitative equity portfolio construction at AQR Capital Management, and currently leads the investments research group at Wealthfront. He holds a BA in applied mathematics from UC Berkeley and a PhD in operations research from Columbia University.
"About the title" may belong to another edition of this title.
Devils in the Detail Ltd
Oxford, United Kingdom
AbeBooks seller since June 5, 2013
Shipping rates from United Kingdom to U.S.A.
| Item | 6 to 11 business days | 6 to 11 business days |
|---|---|---|
| First item | £ 15.99 | £ 15.99 |
Payment methods
Store description
Devils in the Detail (ltd) main focus is on Academic titles along with general fiction, rare, secondhand and antiquarian books.
Specialty
academic titles, Specialised books, Non-Fiction books, Fiction books, Antiquarian & Rare books, New and secondhand booksSeller's business information
Devils in the Detail Ltd
The Old Dairy, 12 Stephens Road, Headington
Oxford, United Kingdom OX3 9AY
Terms of sale
Your satisfaction is very important to us and nobody likes bad feedback but we
are only human and sometimes things can go wrong. Any defects, damages, or
material differences with your item, must be reported to us within 7 days of
receipt of the item or 30 days from date of shipment. The returned merchandise
must be postmarked within 30 days of the shipment notification. Non-deliveries
must be reported within 30 days of Shipment Notification. Any items no longer
required may be returned at the buyers expense. Please note in such cases only
the actual purchased price of the item will be refunded. Company details below.
Devils in the Detail Limited, Online Bookseller.
Registered in the UK under no. 7948025. Vat no. GB 183 9989 31.
Registered address: 19 Lime Walk, Oxford OX3 7AE, UK.
Email: devilsinthedetail@mail.com
Phone: Richard Hind +44(0)7954 131640
Right of withdrawal
If you are a consumer you can withdraw from the contract in accordance with the following. Consumer means any natural person who is acting for purposes which are outside his trade, business, craft or profession.
Information regarding the right of withdrawal
Statutory right to withdraw
You have the right to withdraw from this contract within 14 days without giving any reason.
The withdrawal period will expire after 14 days from the day on which you acquire, or a third party other than the carrier and indicated by you acquires, physical possession of the last good or the last lot or piece.
To exercise the right of withdrawal, electronically fill in and submit a clear statement on our website, under "My Purchases" in "My Account". We will communicate to you an acknowledgement of receipt of such a withdrawal on a durable medium (e.g. by e-mail) without delay.
To meet the withdrawal deadline, it is sufficient for you to send your communication concerning your exercise of the right of withdrawal before the withdrawal period has expired.
Effects of withdrawal
If you withdraw from this contract, we will reimburse to you all payments received from you, including the costs of delivery (except for the supplementary costs arising if you chose a type of delivery other than the least expensive type of standard delivery offered by us).
We may make a deduction from the reimbursement for loss in value of any goods supplied, if the loss is the result of unnecessary handling by you.
We will make the reimbursement without undue delay, and not later than 14 days after the day on which we are informed about your decision to withdraw from this contract.
We will make the reimbursement using the same means of payment as you used for the initial transaction, unless you have expressly agreed otherwise; in any event, you will not incur any fees as a result of such reimbursement.
We may withhold reimbursement until we have received the goods back, or you have supplied evidence of having sent back the goods, whichever is the earliest.
You shall send back the goods or hand them over to Devils in the Detail Ltd, Oxford, United Kingdom, without undue delay and in any event not later than 14 days from the day on which you communicate your withdrawal from this contract to us. The deadline is met if you send back the goods before the period of 14 days has expired. You will have to bear the direct cost of returning the goods. You are only liable for any diminished value of the goods resulting from the handling other than what is necessary to establish the nature, characteristics and functioning of the goods.
Exceptions to the right of withdrawal
The right of withdrawal does not apply to:
- The delivery of newspapers, journals or magazines with the exception of subscription contracts; and
- The supply of digital content which is not supplied on a tangible medium (e.g. on a CD or DVD) if you accepted when you placed your order that we could start to deliver it, and that you could not withdraw once delivery had started.
Shipping terms
Orders usually ship within 2 business days. Shipping costs are based on books
weighing 2.2 LB, or 1 KG. If your book order is heavy or oversized, we may contact
you to let you know extra shipping is required.