Dollars & Digits: R2-D2 is your new financial advisor

As a small business owner, you keep an eye on every penny that comes and goes through your business.  You probably keep an especially close eye on the money you put into retirement.  So how do you feel about machines managing that hard earned cash?

According to Bloomberg, robo-advisers managed $50 billion in assets at the end of 2015.  That is a significant increase from the $16 billion managed in 2014.  It is estimated over $2.2 trillion will be under robo-management by 2020.  Robo-advisers, in case you weren’t aware, are automated financial adviser computer platforms that do the same thing your in-the-flesh advisor does only R2-D2 doesn’t use your commissions to pay for a Mercedes!

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Posted in Dollars & Digits, Small Business Finance

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