Just as awareness is low, adoption is slow among advisers as a whole, according to the study. Of those advisers who are familiar with robo-advice, only one-third currently use any type of robo in their practice. Of those not currently using robo-advice, just 15% are very likely to integrate this model into their practice in the coming year.
While this may seem surprising, the reality is that robo-advisers still make up a relatively small segment of the industry’s total assets under management. Their share is projected to reach $55 billion to $60 billion by year-end 2015 in a wealth management market that is valued at more than $18 trillion, according to Aite Group.
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