What is a Robo Advisor, Origin and History? TechBullion

As of December 2014, robo advisors without delay managed US$19 billion, in accordance with Corporate Insight. According to a study by MyPrivateBanking Research, the assets under control of robo advisers are anticipated to grow to US$255bn by 2020. As of August 2015, Betterment was the best in collecting assets concerning robo advisors. Launched in in 2010, the agency boasts of lots of hundreds of happy customers and billions under control. Being the largest independent robo consultant, its assets under control has reached US$5 billion.

In 2011, Betterment had only 10,000 valued clientele, but today it serves over 175,000 purchasers.

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