OVER the past few years, there have been several debates about whether or not private wealth managers would be disrupted by technology. Artificial intelligence (AI)-powered robo-advisors have been slowly becoming popular, attracting clients who want a better service, cheaper rates / lower commissions, and more transparent and unbiased advice about investments. As a result, new-age companies such as Wealthfront, Betterment, and traditional companies offering automated advice such as Charles Schwab and Vanguard are all winning a bigger share of the private wealth market. To fight this trend, banks and financial institutions such as UBS, Standard Chartered, and several others have been helping their private wealth teams bring in more technology into their offering, automate some of their routine tasks, and deliver a better digital-first experience to customers. However, a new survey from Intertrust says that those fighting robo-advisors aren't doing too well.