NEW REPORT: Will Investors Put Their Robo Assets On The Robo-Line?
Automation is a notorious job-killer. But does the rise of robo-advisors mean it’s time for human financial advisors to panic?
Robo-advisor firms have been on the rise for the past decade. The assets managed by robo-advisor services is estimated to be around $50 billion and is expected to rise significantly by 2020. But how will the solutions become mainstream? For the May Tracker’s feature story, PYMNTS caught up with Dan Egan, director of Behavioral Finance and Investments at robo-advisor firm Betterment, who discussed why investors might be willing to trust their assets to an automatic solution instead of a human advisor.