How it all started: In the year 2008, during the period of the Great Recession in the U.S., Betterment launched the first robo-advisor for their investors to manage passive, buy-and-hold investments through an online interface. Initially, clients had to employ a financial advisor to benefit from this innovation. Fast forward to now, the wealth management industry is poised to enter a disruptive phase; and at the heart of this disruption is robo-advice. The advent of modern-day automated investment advisors in the financial advisory space is witnessing a game-changing trend, which is predicted to grow exponentially in the next few years. …