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How computers could replace fund managers

The amount of assets under management by robo-advisors is expected to be $1.5 trillion in 2018

By Prospect Team  

©JASON SALMON/REX SHUTTERSTOCK

You’ve earned your money and you don’t want to put it in the bank—so how do you invest it? One answer has always been to get on the phone to a fund manager who, for a fee, would start putting your cash into new, hot investments. The returns from this can be substantial and over the years it has been a system that made people a lot of money.

But it brought with it a whole host of problems and compromises. For one thing, to get…

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