By 2019, there will be an estimated 10 roboadvisors left but they will serve about 1.1 million clients, according to one consultant, up from about 300,000 today.
Fewer robo-advisors in the US will serve more customers as the sector restructures over the next three years, according to Chip Roame, managing partner of Tiburon Strategic Advisors. The number of advisers has been declining for several years and is expected to continue at a slower pace this year, he said.