Gordon Moore, the co-founder of Intel, theorized in the 1960s that the processing power of semiconductor chips would double every 18 months. With the introduction of an increasing number of digital advisors and platforms over the past few years, I've started to consider whether we may be seeing Moore's Law hit the advisor space.
Traditional U.S. retail investment assets have been growing steadily, according to research firm Aite Group. But the assets managed by digital advisors are growing at a much faster rate. The market for digital advisors is growing exponentially, much like the increases in technological innovation described by Moore.