If A.T. Kearney are right assets under management by robo advisers will increase 68% annually over the next 5 years to about $2.2 trillion. About half of the AUM is expected to come from money that's already invested and the rest from non-invested assets.
The robots are just getting their metallic feet wet in the investment advisory business. Well, they're not really robots of course, just software that automatically invests and rebalances according to clients' goals and risk tolerances. But it sure is a lot more fun to think of these "robo adviser" products as actual robots like this one or this one. Unless, of course, you are a flesh-and-blood registered investment adviser, then you probably think of scarier robots like this one and this one.