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ARTICLE · 08 NOVEMBER 2022

Explainer On Robo Advisors And The Law

There's always an opportunity with crisis, they say. The 2008 financial crisis wasn't any different. It didn't spare the behemoths of the investment world, let alone small investors.

IndiaTechnology

In our wealth-tech series, we analyse different wealth-tech products and their legal status. You can read all the posts here.

There's always an opportunity with crisis, they say. The 2008 financial crisis wasn't any different. It didn't spare the behemoths of the investment world, let alone small investors. The market was in turmoil. Meanwhile, Jon Stein was banking on this?opportunity?to make investments more convenient. His solution – the first robo adviser,?Betterment.??

Since then, robo advisory has soared in popularity. And the demand for low-cost investment advice continues to drive its growth. The global robo advisory market is?projected?to be $54.15 billion by 2028 with a CAGR of 31.84% from 2021-2028.??

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