Why investors consider robo advice

Two thirds of adults in a recent survey said they would consider using a robo advisor. The poll found 41% of respondents currently work with a human financial advisor and only 1% use a robo advisor. Three quarters of millennials said they would consider a robo advisor compared with 43% of boomers. The majority (80%) of those polled said they would consider a robo advisor if they knew it was less costly. Most respondents (65%) cited help managing money and savings as the most common reason for having an advisor.