Robo-advisors actually increased the number of human financial advisors hired by firms instead of replacing them.

Automated wealth management tools expanded the total market for financial services by making them cheaper and more accessible. Common wisdom suggests that high-skill AI tools will inevitably automate human professionals out of their jobs. The introduction of these algorithms lowered the barrier for new clients who then sought out human experts for complex emotional or strategic guidance. This pattern proves that automation can act as a catalyst for professional employment rather than a threat. High-skill workers may find themselves busier than ever as machines handle the routine tasks and bring in more customers.