Global Robo Advice Market Study 2016 - $19.5 Trillion Market Potential of Robo Advice, Automated Financial Planning, Financial Advice, Brokerage, Fund Platforms - Research and Markets
DUBLIN, August 12, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Robo Advice: Revolution or Evolution? Including: Robo Advice, Automated Financial Planning, Financial Advice, Brokerage, Fund Platforms" report to their offering.
The Robo Advice: Revolution or Evolution? report provides strategists, marketers and senior managers with the critical information they need to assess the rapidly developing for automated investment and financial advice. Robo advice is one of the most important trends in the market, and this report gives a comprehensive assessment of the based on discussions with all the leading players globally.
Low cost, automated investment advice is set to become the core of financial planning services, with market potential of $19.5 trillion assets under management, according to a new report. The Robo Advice: Revolution or Evolution?' Report argues that as awareness of automated options increase, and assets under management grow, many consumers and institutions will want to move away from expensive traditional investment advice into low cost automated options. This will initially be driven mainly from the corporate level, with large client wins by institutional robo offerings, and later by consumer focussed services.
Reasons to Purchase The Report
- Develop strategies based on what robo advice is and what it means in today's market.
- Choose your approach to the market based on the industry's emerging business models.
- Plan innovative strategies based on the What Will The Winners Look Like' section.
- Facilitate decision making on the basis of forecast market data.
- Benchmark performance against key competitors by understanding their market positioning, offerings, portfolios and workflows.
- Identify investment opportunities.
- Target your key markets with detailed market, competitive, regulatory and trend information for the US, UK and European, and Australian markets.
- The report supports your internal and external presentations with reliable high quality data, analysis and 50 attractive and informative graphics.
Key Topics Covered:
Executive Summary
- Robo advice is not a new concept, but is gaining a lot of global attention
- There are far fewer pure robos than the media would have us believe
- Focus is on automated investment management; there are very few automated advice propositions
- Early movers built from scratch, but start-ups are now seeking to build partnerships with established players
- Low cost automated investments will become the core building block of financial planning
- Many of the me too' automated investment propositions will fall by the wayside unless they continue to develop
- The market for automated investment management services will grow significantly, but hybrids will be the dominant model
- The addressable market for virtual advice is huge, but very few propositions have come forward to meet this demand
What is Robo Advice?
- Robo advice: a catch all term for remotely delivered wealth management
- Defining robo advice'
- Automated investment management solutions are the dominant model; but how automated are they?
- There are only a handful of automated financial planning propositions in the market today
- Why is robo advice' under the spotlight?
- Propositions are only as good as the algorithms
Emerging Business Models
- Pure play start-ups have led the charge to date
- The cost of acquisition is the elephant in the room for start-ups
- Re-focus on the B2B market to drive profitability
- Industry stalwarts are now seeing the potential of automation; and have important strategic advantages over the start-ups
- Which play will the current incumbents make - build, partner, or buy?
- In the B2B space, robo for advisers is nothing new, but some are now embracing the opportunity to expand the reach of their business
- Robo advice will place widespread pressure on margins and fees
- The impact on the advice market will take longer to play out, and will result in advisers ultimately moving up the advice value chain
What Will the Winners Look Like?
- Many of the me too' automated investment propositions will fall by the wayside unless they continue to develop
- Automated investment propositions will need get much better at targeting clearly defined, profitable consumer segments
- Differentiation needs to be on a feature that the mass market consumer can understand
- A truly customer-centric approach will be required to shift customers from a transactional to an ongoing relationship
- Winning propositions will make better use of behavioural economics to enhance the user experience and increase conversion and retention rates
- Winning propositions will need to engage consumers in new ways, using visual stimulus to create emotional responses
- Gamification can reward' consumers for building knowledge; virtual reality can allow them to test drive future outcomes in a safe environment
- Winning solutions will blend the human touch with automation
- Next generation cyborgs' will shift the boundary between human and robot within five years - think virtual advice'
- New revenue models to reflect what consumers are actually paying for?
- Big data, data giants and analytics: The final frontier
- Robo 3.0 has the potential to do so much more than personal finance
Size and Growth of the Global Market
Companies Mentioned
- Betterment
- Clover
- Decimal Software Ltd
- Easy Folio
- eValue (Investment Solutions)
- Financial Guard
- Fintego Managed Depot
- FutureAdvisor (a BlackRock Company)
- Ginmon GmbH
- Ignition Wealth (Ignition Direct)
- Intelligent Portfolios from Charles Schwab Inc.
- LearnVest Inc.
- Marie Quantier
- MoneyFarm
- Nutmeg Savings & Investment Limited
- Parmenion (Aberdeen Asset Management)
- Personal Capital
- QuietGrowth
- Quirion (Quirin Bank AG)
- Scalable Capital
- SigFig Wealth Management LLC
- Stockspot
- True Wealth Inc.
- vaamo Finanz AG
- Vanguard PAS
- Wealth Objects Limited
- Wealth Wizards
- Wealthfront Inc
- Wealthify
- WiseBanyan Inc
- Yomoni
For more information about this report visit http://www.researchandmarkets.com/research/j6trhq/robo_advice
Related Topics: Accounting, Personal Finance
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