The Future of Money: AI Investors, Crowdlending, and the Death of Cash

Every day, roughly 60 percent of all market trades are made by computer. When the market turns volatile, this can climb to as high as 90 percent. Robo-advisors are increasingly making this process available to the consumer, saving them time and money as a result. With humans no longer in the transaction chain, fees are slashed. Undercutting the typical 2 percent cut of profits (not to mention 20 percent incentives) charged by a wealth manager, most robo-advisors take around 0.25 percent.