Robo Advisors are all the rage. Launched over the past several years, several have grown to over one billion in assets under management. Wealthfront manages $2 billion, Betterment and Personal Capital about $1.5 billion. While still small compared to the goliaths of the industry (Vanguard manages $3 trillion as of 2014), the proverbial camel’s nose is under the tent.

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