Business Insider predicts that robo-advisors services will manage $4.6 trillion by 2022! Many banks and wealth management companies see robo-advisory apps as an opportunity to broaden their reach and tap into new customer segments. Recently, a new subdomain of fintech - the wealthtech has emerged. It uses cutting-edge technology to automate and streamline investment for everyone. Wealthtech includes robo-advisors, micro-investment, robo-retirement, and digital brokerage. RA tools rely on data analysis and knowledge of the market - the same as humans. Whereas the algorithm calculations are more careful and accurate. With robo-advisors the clients simply fill out a form and the AI-enabled engine determines the best investment options for their specific financial background and objectives. Once the initial setup and verification are complete, the software forms an investment portfolio using sophisticated algorithms. The software even makes the actual investments—in stock, bonds, real estate, currencies, precious metals, or other commodities.