Can you take financial advice from a robot? - Blog Mobius Knowledge Services - Informative and Insightful resources

According to Business Insider, 'Robo-advisors (with some element of automation) will manage investment products worth $1 trillion by 2020, which will go up to $4.6 trillion by 2022.' The wealth management industry is in the midst of significant changes, the most engaging of them being the advent of Robo Advisors. Sounding like the love child of Fintech and Robotics, Robo Advisors are exactly what their name describes them to be – Artificial intelligence that helps manage financial decisions or offer streamlined financial advice. What exactly are Robot Advisors? Nicki is in her late twenties.