A report from Citigroup entitled ' Rise of the Machines : Retail Revolution ' suggests that robo - advising is gaining traction with younger investors and looks set to become a billion dollar industry . Here’s the chart from Citigroup on the growth of robo-advised assets under management (AUM). It states that robo - advisors have gone from near zero to $ 1 in just two years and could expand to $ 5tn over the next decade and creating downward pressure on investors across the industry . However , the report also states that ' there remains ( and we think will always remain ) a demand for face - to - face financial advice ' .
A report from Citigroup entitled ' Rise of the Machines : Retail Revolution ' suggests that robo - advising is gaining traction with younger investors and looks set to become a billion dollar industry . It states that robo - advisors have gone from near zero to $ 1 in just two years and could expand to $ 5tn over the next decade and creating downward pressure on investors across the industry . However , the report also states that ' there remains ( and we think will always remain ) a demand for face - to - face financial advice ' .