The target audience for the Robo Advisors are people approximately between 25 and 35 who have large amounts of money to invest but no time. The issue is there a

The target audience for the Robo Advisors are people approximately between 25 and 35 who have large amounts of money to invest but no time. The issue is there are not very many of them. Hence, they have to get huge distribution to get more AUM. The AUM growth translates to more fees. Looking at their margins they have a long way to go to hit considerable revenue. This also highlights the fact that these companies have massive valuations fueled by investments from VCs with exits very far away in the future.