Robo-advisors will grow - if they can survive long enough
klementoninvesting.substack.com
Robo-advisors were all the rage about five years ago or so when upstarts like Betterment or Wealthfront became large enough competitors to traditional discretionary portfolio managers in the US. With their fully automated, low-cost offerings they were significantly cheaper than traditional bank offerings, but they also offered little to no personal advice or human interaction.
Robo-advisors will grow - if they can survive long enough
Robo-advisors will grow - if they can survive…
Robo-advisors will grow - if they can survive long enough
Robo-advisors were all the rage about five years ago or so when upstarts like Betterment or Wealthfront became large enough competitors to traditional discretionary portfolio managers in the US. With their fully automated, low-cost offerings they were significantly cheaper than traditional bank offerings, but they also offered little to no personal advice or human interaction.