BETTERMENT CEO: Only a few robo-advice startups will survive
By Frank Chaparro
Morgan Stanley, a Wall Street giant, is convinced that only a “handful” of roboadviser startups will survive. The CEO of the largest roboadviser startup agrees.
Roboadvisers provide financial advice or portfolio management online or via a smartphone application. Rather than using human managers to build portfolios, they use algorithms to determine where to invest.