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 ##e , managing partner of Tiburon Strategic Advisors . The number of clients seeking robo - advice is expected to nearly quadruple while consolidation is likely to reduce the number of platforms from a peak of 24 in 2018 to 20 . Roame concluded a handful will survive as independent platforms while others are likely to enter partnerships with large firms and some will simply merge . The winners in the retail space are likely to be digital arms of discount ##ers and mutual fund managers , with firms such as Vanguard , Schwab , and Fidelity likely to grow market share at the expense of digital only robo - advisors .