Abstract
The debate of whether robo-advisors can be a sustainable business raises a need for
an in-depth
analysis of the survivability and the long-term profitability of this service. The
objective of this paper is
to provide the author’s position on the short to mid-term prospects of robo-advisors,
an understanding
of the turn of fortune created from the evolutionary business models, and the foreseeable
challenges
in the wealth management and financial advisory sector. The author’s position was
formulated with
reference to the following papers: "Hungry Robo-Advisors Are Eyeing Wealth Management
Assets",
published in 2015 and "Robo-Advisor Upgrade! Installing a Program for Profitability:Digital
Advice
Raises Profits for Investment Services Industry", published in 2018.
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