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Business Insider

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.

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This article originally published June 30th, 2017 on Business Insider