digital - advisers should be seen as a way for traditional financial advisors to " deliver deeper levels of advice to a wider client base " not a threat , says Scott wells , director of research and consulting firm Cerulli ##group . The company estimates the digital advice industry to be worth $ 83bn by the end of 2016 , with around 75 percent of those assets held by two " top brand " firms . Human advisers will still be required as " households continue to seek advice from a professional who can help them navigate the turbulent times " , said wells .
Robo-advisers should be seen as a way for traditional financial advisers to "deliver deeper levels of advice to a wider client base" not a threat, says Scott Smith, director of research and consulting firm Cerulli Associates. The company estimates the digital advice industry to be worth $83bn by the end of 2016, with around 75% of those assets held by two "top brand" firms. Human advisers will still be required as "households continue to seek advice from a professional who can help them manage the turbulent times", said Smith.