Number of Robos to Start Dropping in 2016 as Market Morphs

The online-advice market will continue to grow. But that spurt is going to be very lopsided toward the defined-contribution companies, while the number of direct-to-consumer automated-advice platforms will shrink substantially, according to a new survey cited in WealthManagement.com. The online-advice space will grow to $655.2 billion in 2019, but the…