To provide you with this exclusive report, MyPrivateBanking has partnered with BI Intelligence, Business Insider's premium research service, to create The Complete Robo Advisor Research Collection. If you're involved in the financial services industry at any level, you simply must understand the paradigm shift caused by robo advisors. Investors frustrated by mediocre investment performance, high wealth manager fees and deceptive sales techniques are signing up for automated investment accounts at a record pace. And the robo advisor field is evolving right before our eyes. Firms are figuring out on the fly how to best attract, service and upsell their customers. What lessons are they learning?

Managing and, preferably, optimizing your full financial portfolio, an investment portfolio, a pension plan and so on is traditionally a human task. It is done by various possible people such as investment managers, wealth managers, financial advisers and even accountants. Since just a few years a range of new fintechs hit the market with so-called robo-advisers or automated financial advice tools. They have been popping up (and keep popping up) in no time and some already even dissapeared. Automated financial advice and optimization is a hot and diverse market with the launch of several platforms, digital and/or mobile in a really short timeframe.

It is done by various possible people such as investment managers, wealth managers, financial advisers and even accountants. Since just a few years a range of new fintechs hit the market with so-called robo-advisers or automated financial advice tools. They have been popping up (and keep popping up) in no time and some already even dissapeared. It will be hard for robo-adviser startups to scale; differentiating their services is key. Robo-advisers, essentially software tools driven by artificial intelligence and crunching loads of data, are predicted to be an important growing category of fintech.

Managing and, preferably, optimizing your full financial portfolio, an investment portfolio, a pension plan and so on is traditionally a human task. It is done by various possible people such as investment managers, wealth managers, financial advisers and even accountants. Since just a few years a range of new fintechs hit the market with so-called robo-advisers or automated financial advice tools. They have been popping up (and keep popping up) in no time and some already even dissapeared. Automated financial advice and optimization is a hot and diverse market with the launch of several platforms, digital and/or mobile in a really short timeframe.