Global Robo-Advisor Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at xx % through 2020 to 2027, reaching US$ XX Mn.
Global Robo-Advisor Market
Global Robo-Advisor Market Overview:
Robo-advisory is basically an automated, algorithm-based portfolio management service provided by wealth management companies. Robo-advisors provide an automated service that builds investment portfolio, tracks and re-balances, eliminating the burden of having to make these investment decisions of the customers. Robo advisors are beginning to pick up steam, and these online financial consultants are starting to take major business away from legacy businesses. Robo-advisors are digital systems with little or no human oversight that offer automated and algorithm-driven financial planning services. During the financial crisis of 2008, when small investors had cash surpluses when they pulled money out of equities and interest rates reached zero, the notion of robo-advisors began. Robo-Advisors are online financial advisor services that use cognitive computing, all without requiring human financial planners, to understand, evaluate and solve problems for clients. Globally, strategies for robo-advisors are attracting considerable funding from venture capitalists. Over the last few years, robo-advisor platforms such as Wealthfront, Betterment, and FutureAdvisor have attracted many investors. The rise of the robo-advisor appears to be unstoppable and is guided by numerous factors, including low interest rates, increasing trust in the recommendations created by computers, and supercomputing and cloud availability. The Robo-Advisor market is dignified to witness a beneficial growth in the forecasted years.
Robo-advisors are designed to recognize the needs of investors, recommend the investment and allocation plan, execute the allocations selected, track outcomes, and re-balance the portfolio as per the plan. Easy account setup, robust target planning, account services, portfolio management, security features, better customer support, and extensive education are provided by robo-advisors. Moreover, services such as tax loss harvesting and retirement preparation, which are typically only provided by major fund managers, are also included in the robo-advisory bid. In targeting a broader spectrum of clients, including underpenetrated mass affluent and small investor segments of wealth management, robo-advisors offer efficiencies and distinguish with completely digital and online processes through intuitive investment experience.
Based on Mode of Automation, Robo-Advisor market is segmented by fully automated and semi-automated. Fully Automated dominated Robo-Advisor market due to the funds are selected & invested automatically without requiring any effort from the user and minimize capital gains taxation. Based on Services, Retirement Planning is the leading segment to dominate the market during the forecast period due to the rising number of SMEs pushing the market growth. The key drivers are growing fast track digital data and enable to achieve insight into user behavior which motivates market development.
The Robo-Advisor market in North America is anticipated to account for the highest revenue share contribution and projected to maintain its dominance in the target market during the forecast period. The attributing factor is due to the presence of major players such as Betterment, E*TRADE Financial Corporation, Wealthfront with the advance technologies. Large investment in space programmes by the U.S. government is anticipating the market growth. The Asia Pacific region is projected to register the fastest growth rate in the target market due to surge in penetration of smartphones and digitalizing the infrastructure in the region.
Global Robo-Advisor Market1
The objective of the report is to present a comprehensive analysis of the Global Robo-Advisor Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Robo-Advisor Market dynamics, structure by analyzing the market segments and projects the Global Robo-Advisor Market size. Clear representation of competitive analysis of key players by Mode of Automation, price, financial position, Raw material portfolio, growth strategies, and regional presence in the Global Robo-Advisor Market make the report investor’s guide.
Scope of Global Robo-Advisor Market
Global Robo-Advisor Market, By Mode of Automation
• Fully Automated
Global Robo-Advisor Market, By Services
• Tax-loss Harvesting
• Retirement Planning
• Wealth Management
• Personal Financial Advisors
• Business To Business Robo Advisors
Global Robo-Advisor Market, by Region
• North America
• ME & Africa
• Latin America
Global Robo-Advisor Market Key Players
• BlackRock, Inc. (FutureAdvisor)
• The Vanguard Group, Inc.
• Wealthfront Corporation
• TD Ameritrade Investment Management, LLC
• Ally Financial Inc.
• Axos Invest, Inc.
• E*TRADE Financial Corporation
• FMR LLC (Fidelity Go)
• Charles Schwab & Co. Inc.
• AssetBuilder Inc
• SigFig Wealth Management, LLC
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