Can incumbent financial services firms avoid disruption by new entrants?
Roby advisory (“robos”), are low-cost automated investment platforms that utilizes mathematical algorithms to support investment decisions and create diversified financial portfolios. Analysts predict that by 2020 broadly defined robo advisory services are expected to manage between $2.2 to $3.7 trillion in assets. Can they replace a human Financial Advisor and become the main stream asset allocation solution?
How Robo-advisors like Betterment are democratizing wealth management for the masses at fraction of cost.