10/5/2015 – Can robots close the retirement savings gap? (CNBC)

Can robots help Americans be better prepared for retirement? Online investment services that provide automated, algorithm-based portfolio management advice have attracted millions of investors over the past few years with their low fees and minimum requirements.

The so-called robo-advisors had an estimated $8 billion in assets under management as of July, a 34 percent increase from last year, according to financial research firm CB Insights. By 2020, assets in these services could grow to nearly $2.2 trillion, management consulting firm A.T. Kearney estimates.

Read the full article at CNBC.