Page 8 - Robo Advisors and Growing Your Wealth
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ROBO ADVISOR MYTH #4
Robo advisors are a fad.
Nope, robo advisors are here to stay. The industry grew from $19 billion in 2015 to over $24 billion in 2016 and is expected to grow to $2 trillion by 2020.
Banks and traditional wealth management companies aren’t against robo advisors, in fact, many are starting to
use the same technology to stay competitive. Digital wealth management has become an essential tool for all rms in the industry. If an advisor isn’t using software to help build and manage your portfolio we’d argue they’re doing clients a disservice. So no matter where you decide to invest your money, this kind of technology really is the future.
ROBO ADVISORS AND GROWING YOUR WEALTH
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