Rise of the robots

Automated investment services are still in their formative years, but it’s a business model that investors are quickly catching on to

US $255 billion Total assets under management expected to be held by robo-advisors in five years One year Amount of time it took U. S. robo-advisor Wealthfront, which manages portfolios under US$ 10,000 at no charge, to double its assets under management to more than US $ 1 billion 36 The average age of U.S. robo-advisorBetterment’s30,000customersUS$ 1.8 trillion Assets traded by non-professional retail traders US$1 trillion Assets traded by professional traders with personal retail tradingaccounts0.4- 0.6% Range of fees charged by robo-advisors on assets managed