Before revision: The key characteristics of peer-to-peer asset management are: it is conducted for profit; it is open to all, without minimum investment volumes no necessary common bond or prior relationship between strategy providers and investors; intermediation by a peer-to-peer asset manager or strategy exchange; transactions take place on-line; Investors pick their chosen strategies without 3rd party advice; Early peer-to-peer asset management was also characterized by disintermediation and reliance on social networks but features like "Social Trading" have started to fade.
After revision: The key characteristics of peer-to-peer asset management are: it is conducted for profit; it is open to all, without minimum investment volumes no necessary common bond or prior relationship between strategy providers and investors; intermediation by a peer-to-peer asset manager or strategy exchange; transactions take place on-line; Investors pick their chosen strategies without 3rd party advice; Early peer-to-peer asset management was also characterized by disintermediation and reliance on social networks but features like social trading have started to fade.