Algorithms will manage trillions of dollars in a few years—thanks to millennials
By Ian Kar
Using computer programs, not brokers, to invest people’s money is still in its early stages, but estimates indicate that trillions of dollars will be manage that way in just a decade.
The US robo-advising industry could balloon to $5-$7 trillion assets under management (AUM) by 2025, according to a presentation from Deloitte’s head of wealth management, Gauthier Vincent.Read the Original Article
This article originally published December 11th, 2015 on Quartz