Robo advice: the future of investment advisory and management?, page-2

I was deciding whether to invest in Acorns's private IPO a few weeks back. But I do think the future of management funds will be robo-advisers. The actively managed funds that are NOT hedge funds simply doesn't beat the market like 95% of the time. Much better to be one with the market and simply track it. There will be a lot of pushback and propaganda coming from the big superannuation and mutual funds to stop robo-advisers from undercutting their fat management fees. But I think people will eventually realise that these fund managers are ripping them off and have no skin in the game when you take a loss.