The financial industry is facing the biggest upheaval in its history: the digital revolution. Robo-advisors powered by artificial intelligence can take over larger portions of financial consulting. Technology companies (fintechs) are ready to conquer the industry. This book examines how far robo-advisors have come and what banks, insurance companies, and independent consultants need to do now. Those who do not wake up now will be pushed aside. Christian Rieck is a professor of finance and collaborates with the Future Institute. He has been researching the future of the financial industry for many years, and as a sought-after speaker, he electrifies the industry with his theses. He was one of the first to accurately predict the digital transformation in the financial sector.