The U.S. robo-advisers industry, the leading market globally, is set to reach more than $1 trillion in value in 2020, growing by 40 percent year-on-year, according to data gathered by InsideBitcoins. The rising trend of the U.S. robo-advisers segment is forecast to continue in the following years, with the market value reaching $1.5 trillion by 2023.
Market value enlarged 5.5 times since 2017
A typical robo-adviser collects information from clients through an online survey and uses the data to provide automated, algorithm-driven financial planning services with little to no human supervision. These investing platforms also offer easy account setup, portfolio management and customer services. Furthermore, they require small opening balances, from as little as $10, and charge low fees, around 0.25 percent a year.
Recent years have witnessed a rapid growth of the robo-advisers market in the United States, as the first country to introduce automate
