#1. This automated advice industry continues to grow even though its platforms typically offer few investment options.

#2. These firms seek to provide good enough quality at lower prices.

#3. Yet when a bull market seems overdue for a correction these clients may want to consult with registered investment advisors ("RIAs"). 

For example, these clients may want to use options and/or managed futures to hedge the downside or raise cash or use non-correlated assets to the S&P 500. 

Robo-Advisors don't allow shorting the ETFs that are integral to their investment menus.

#4. RIAs understand that they need to be flexible so that they can answer questions when robo-returns fail. RIAs can fashion responses and charges for human advice on a case-by-case basis.

#5. These investors realize that they are paying less than the usual 1% per year that RIAs charge. Therefore, they have some reserves to pay for advice, and sleep better at night when the bear rears its ugly head.