The need for advisors to engage with millennials on their own terms, and significant competitive pressure from consolidation, are two of today’s biggest challenges to the wealth management industry, according to Alexey Sokolin COO of Vanare | NestEgg. For the majority of advisors, robo-technology is a way to augment their practice to create larger businesses reaching more clients than ever before. Sokolin discussed with AIMkts Editors the pros and cons of robo-advisors that offer automated financial services at a lower cost.