For many years, we have been working with investment advisors to make the best use of our money. The accuracy and consistency of their advice have always been in question, but we never cared about it much until the time we started having choices. Wealth Management firms are going through a dynamic shift—from a traditional approach to a trendy one—attracting millennials by introducing robo-advisory platforms. Robo-advisor services can quickly provide customers with well-diversified investment portfolios suitable for their risk tolerance and long-term investment objectives. Due to such convenient and low-priced service offered by this technology, a growing number of startups and traditional investment firms are also turning towards it. Assets managed by robo-advisors are estimated to increase by 68% annually and to about $2.2 trillion in five years.

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