The robo-advising industry is expected to handle $5 trillion (€4.6 trillion) worldwide by 2027, as the technology has experienced a period of “explosive growth” since 2008: a year widely cited as the birth of automated financial advisory services, also known as robo-advisors. Before then, professional software did exist, but the late 2000s saw the founding of the world’s first publicly-available robo-advisor site, known as Betterment. According to Investopedia, the robo-advising industry has managed client assets worth as much as $3 trillion by the end of 2023. And by 2027, this number is fore…