1. Robo Advisor What Why Where and Who
a class of financial adviser that provide financial advice or portfolio management online with moderate to minimal human intervention.
They provide digital financial advice based on mathematical rules or algorithms.
These algorithms are executed by software and thus financial advice do not require a human advisor.
The software utilizes its algorithms to automatically allocate, manage and optimize clients' assets.
What
Taken from en.wikipedia.org
For Fund Managers:
it reduces overhead costs, in particular cost of human resources and securities research
It might put the company in a better position in the industry as the company can offer a lower fees to customers
For Customers:
Lower fees to pay
Lower size of investment
They can monitor their investment 24/7
Why
Where and Who
Mostly in the countries where:
The information of the market is available efficiently
Market cap is very large
Among others:
USA: Vanguard, Charles Schwab, Betterment, Wealthfront, Personal Capital
UK: Nutmeg
Canada: Wealthsimple

2. Robo Advisor Pros Cons Low Fees Easy to transact Can be monitored 24/7
Easy access for lower networth
Low minimum balance
Cons
It is not personalized
No face to face meeting
Can only be implemented in an efficient market

3. Robo Advisor – How It Works
Customer fills KYC, Customers Profile, Financial Goals, Monthly Income and Expenses, tenor of investment in Robo provider website
The provider analyse (automatically) the customers profile and investment goals, and propose asset allocation to customer
Upon customer’s confirmation re the asset allocation, the Robo provider asks the customer to open a dedicated bank account and investment account
Start investing

4. Robo Advisor in Indonesia?