Automated investment advice has a bright and profitable future, but digital-first firms that manage to survive the decade will have only a small share of it, according to industry research firm Tiburon Strategic Advisors.
The overall online advice market will top $650 billion by 2019, but the assets will largely be split between the digital offerings of traditional discount brokerages and firms focused on defined-contribution plans, Tiburon Strategic Advisors analysts predict.
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