The robo - advice sector is unlikely to expand until " incumbent " companies adopt the technology , according to John Connell , managing director of Digital Capital . Giovanni Dapra , chief executive of MoneyFarm said that although it was likely bigger companies would move into the sector , he believed there would start - ups who get " three or five years of opportunity " to make their mark . Speaking at the WMA conference, Wealth Wizards’ However , according to data from IRN Consultants , robo - advisers would need to work with a client for almost 10 years before turning a profit .
The robo - advice sector is unlikely to expand until " incumbent " companies adopt the technology , according to John Connell , managing director of Digital Capital . Giovanni Dapra , chief executive of MoneyFarm said that although it was likely bigger companies would move into the sector , he believed there would start - ups who get " three or five years of opportunity " to make their mark . However , according to data from IRN Consultants , robo - advisers would need to work with a client for almost 10 years before turning a profit .