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‘Huge pile of money’ coming into robos?

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In|Vest 2018 brings together the entire wealth management industry – leaders in retail financial services, advisors and investors, insurers and asset managers, solution providers and consultants. Held in New York July 10-11, In|Vest facilitates honest discussion of the most important issues confronting the wealth management industry as digital transformation meets the reality of market execution.

Digital wealth management platforms, like independent robo advisors, are roughly a decade old but are only in their first inception, says Mike Sha, founder and CEO of SigFig.

“We’re in the first innings of digital advice and over the next five to 10 years — different research firms put out different numbers — but they’re all in the trillions,” Sha says. “So we’ve got a huge pile of money coming this way into managed money into digital advice solutions."