Robo-advisors do pose a threat to advisors whose entire practice is based on cookie-cutter portfolio construction, which has now been laid bare as a commoditized process. Technology is extremely effective at doing repeatable processes quickly and efficiently. But the reality is that advisors whose practice is completely built on cookie-cutter allocations are in the minority and make the rest look bad. Most advisors, particularly those who work with high-net-worth clients, provide a service that represents a mix of art and science. In addition to advising on matters beyond investment allocation, such as trust, estate, tax and philanthropy, often an advisor's value comes in the form of understanding how to construct a client's financial future based on their emotional or psychological requirements — their needs. There can be vast differences in what makes two people with similar financial circumstances feel secure.

http://www.fa-mag.com/news/why-fas-won-t-be-collateral-damage-in-the-fintech-revolution-27215.html