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The Debate Finally Seems to Have Ended: Robo-Advisors Vs. Humans

Rise of robo-advisory

Let’s first talk about what happened in the last 3-4 years – so much of excitement and enthusiasm about robo-advisory startups. Believers said that robo-advisors continuously trade securities and other assets based on long-term predictions they are able to build based on a real-time stream of data and machine learning capabilities. In 2016, assets managed by robo-advisors were estimated to increase by 68% annually and reach ~$2.2 trillion in five years. Other estimations suggested that robo-advisors will be managing $8 trillion globally by 2020. No wonder there was so much craze around the field of robo-advisors during the last two to three years. Led by startups such as WealthFront and Betterment and then dozen others. Due to such convenient and low-priced service offered by t ...

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