Wealth managers believe human touch will limit the rise of robo-advisers

Post on April 29, 2016

great_baton_rouge_business_report“Robo-advisers such as Betterment and Wealthfront have been gaining popularity, but they remain a small sliver of the overall marketplace. A survey by consulting firm Corporate Insight found that total assets managed by the 11 leading robo-advisers in the United States rose 65% in 2014, hitting $19 billion. While significant, this figure represents less than 0.1% of the $33 trillion in retail investable assets, according to the international consulting firm Deloitte.”

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