Step one of the revolution

Business Insider: Robo-advising is gaining traction with younger investors and will become a trillion-dollar industry one day — and even Wall Street banks are willing to admit it.

This comes from a September 3 report from Citigroup, titled “Rise of the Machines: Retail Revolution."

In just two years, the report notes, robo-advisers have boosted their assets from virtually nothing in 2012 to $14 billion by the end of 2014. And they’re just getting warmed up.

Over the next 10 years, their assets under management could expand exponentially, to $5 trillion, the report speculates.

Already big corporate players like Charles Schwab and BlackRock have taken notice. Schwab launched online-wealth-management tools of its own earlier this year, and BlackRock decided to buy instead of build, purchasing FutureAdvisor last month.

Sep two occurs when the SmartCards come online with full tamper proof protection.