Washington - When it comes to investment advice, would you trust a financial professional or a robot? A growing number of people are choosing the latter, in the belief that algorithms can provide rational and dispassionate advice at a cost well below that of traditional advisers.
A handful of automated investment start-ups created in the past few years now have more than $4bn in assets under management, according to Forrester Research.
It's a small segment of a trillion-dollar wealth management industry but growing at a red-hot pace, Forrester analyst Bill Doyle said.