Global Robo-advisory Market, Top key players are Betterment,FutureAdvisor,Personal Capital,Vanguard Personal Advisor,Wealthfront,WiseBanyan,SigFig Wealth Management

Global Robo-advisory Market Size, Status and Forecast 2022

Robo-advisors are independent financial planning services driven by algorithms and supported by a digital platform with no human intervention. They collect information from their customers at first through an online survey to understand their financial situations and ultimate goals.

With this information they make portfolios of investments by calculating their risk and returns along with profits for long-term. The global robo-advisory market is expected to grow at an overall annual compound growth rate (CAGR) of 53.54% from 2018 to 2022 leading to a global revenue of USD 73.70 Bn by 2022.

Depending on various types of robo-advisory services available in the market, the global robo-advisory market has been classified into pure robo-advisors and hybrid robo-advisors. Among the different types, demand for hybrid robo-advisors is anticipated to be the most promising in the coming years. This is due to the increased affordability and accessibility with low financial assistance fee and rising objectivity, consistency and transparency.

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Some of the key players operating in this market include: Betterment,FutureAdvisor,Personal Capital,Vanguard Personal Advisor,Wealthfront,WiseBanyan,SigFig Wealth Management

The sheer benefit of robo-advisors in order to enable automatic management of individual’s wealth on the basis of algorithms is the primary driver of the global robo-advisors market. A number of small investors can now use robo-advisors to monitor the development of their portfolio as they are available at low starting prices, offer attractive returns, and are transparent, strikingly different and innovative than classical investment plans offered by the banking sector. It has been observed by the analysts of the report that the current and upcoming generations across various emerging economies are technology savvy and prefer digital tools. In addition to that, the vendors of financial advices are also embracing the new technologies as they can help them serve a larger pool of customers in a time-efficient manner.

On the other hand, the lack of direct contact or personalized support to the clients, escalating risk profiles due to changing factors such as retirement and income, and inability to adapt to changing scenarios on the run-time are a few factors obstructing the robo-advisors market from attaining its true potential.

Based on the mode of automation, the global robo-advisors market can be segmented into fully automated and semi-automated, whereas on the basis of services, the market can be bifurcated into tax-loss harvesting, retirement planning, and investment advisors, wealth management, business to business robo advisors, and personal financial advisors.

Global Robo-Advisors Market: Regional Analysis

Geographically, the report takes stock of the potential of the demand that can be expected from every important region including North America, Asia Pacific, Europe, South America, and the Middle East and Africa.

TABLE OF CONTENT:

1 Industry Overview of Robo-advisory

2 Global Robo-advisory Competition Analysis by Players

3 Company (Top Players) Profiles

4 Global Robo-advisory Market Size by Application (2012-2017)

5 United States Robo-advisory Development Status and Outlook

6 EU Robo-advisory Development Status and Outlook

7 Japan Robo-advisory Development Status and Outlook

8 China Robo-advisory Development Status and Outlook

9 India Robo-advisory Development Status and Outlook

10 Southeast Asia Robo-advisory Development Status and Outlook

11 Market Forecast by Regions and Application (2017-2022)

12 Robo-advisory Market Dynamics

13 Market Effect Factors Analysis

14 Research Finding/Conclusion

15 Appendix

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