Despite some claiming that robo advisors would suffer when they faced their first period of financial stress, this seems not to have been the case during 'Black Monday'. The average amount invested by investors in a robo-advisor was $1,800, while those who bought shares on Black Monday were able to invest an additional $1,500.
Despite some claiming that robo advisors would suffer when they faced their first period of financial stress, this seems not to have been the case during 'Black Monday'. Betterment, for example, said that it experienced few negative indications such as client login rates or a slow down in signups or growth, and that its call volume did not increase.