Getting a credit card has never been easier. Yet the rise in issued cards exacerbates the ever-present challenges that face issuers, banks, and above all else, consumers. User loyalty is at an all-time low. Banks and issuers struggle to retain existing cardholders due to the plethora of rewards programs incentivizing customers to apply for new cards. At the same time, consumers are having a difficult time paying off their balances, driving card debt and delinquencies to record levels.

The First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ: ROBT) debuted Thursday, becoming the third U.S.-listed exchange traded fund focusing on artificial intelligence and robotics. The newest ETF from Illinois-based First Trust follows the Nasdaq CTA Artificial Intelligence and Robotics Index, which began trading in mid-December and has 88 components. ROBT's index "is designed to track the performance of companies engaged in the artificial intelligence and robotics segment of the technology, industrial, medical and other economic sectors. The Index includes companies in artificial intelligence or robotics that are classified as either enablers, engagers or enhancers," according to Nasdaq. ROBT's components must have a minimum market value of $250 million and a minimum three-month average daily dollar trading volume of at least $3 million.

Robo-advisers are forecast to take at least 15% market share of the Asian wealth management industry in the next seven years. Platform providers highlight the innovations that are driving the industry forward and debunk common myths about the financial technology. Robo-advisory platforms have grown exponentially in Asia in the past two years. Innovations have resulted in enhanced and more sophisticated offerings for investors. This will only propel the growth of the industry. Bhaskar Prabhakara, co-founder and CEO of Singapore-based robo-advisory platform WeInvest, expects robo-advisers to take at least 15% market share of the Asian wealth management industry by 2025. "There is a strong case for this. We went to many countries to talk to regulators and look for partners and everywhere we went, people acknowledged the fact that the robo-advisory wave -- a digital wealth tsunami -- is coming," he says.

Now, this seems like a logical way to invest, especially for new investors. But, the biggest attraction is that most robo-advisors have very low account minimums and also charge low fees. In comparison, most wealth managers (actual people) have a $500,000 USD account minimum and charge 1% – 2% annually of the total account value. This is simply not an option for most. I'm a huge fan of technology and finding more efficient ways to complete tasks… but I'm a bit weary of these robo-advisors, and I think you should be too.