Contrarian Investor: Is the robo-advice revolution stalling?

I have long been a paid-up member of the disruptors brigade, arguing technology will make us all happier, wealthier individuals - along the way upending whole business sectors.

Given this enthusiasm for all things disruptive, a penchant for robo-advice was inevitable - largely because I have long seen it as an extension of the DIY-investor revolution. But even this believer has harboured severe doubts about the business model of the (once) fast growing sector. I have been to more seminars with robo-advice evangelists than hot dinners - and every time I have left wondering: "where is the money coming from to find all these new customers?" At this point, my natural cussed-contrarian instincts crash into the technobabble and I am left wondering whether all those b...