The Rise of Robo-Advice Changing the Concept of Wealth Management

The Rise of Robo-Advice Changing the Concept of Wealth Management

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The concept of “robo-advice”–the use of automation and digital techniques to build and manage portfolios of exchange-traded funds (ETFs) and other instruments for investors–has gained significant attention within the wealth management industry.

Although robo-advice to date has gained only a miniscule share of assets under management (AUM), it presents investors with an interesting value proposition— with a price reduction of as much as 70 percent for some services—and its rate of growth is both rapid and accelerating.
“Digital” wealth-management assets, including those at traditional firms, are projected to reach between $55 billion and $60 billion by the end of 2015.
June 13, 2016 / by / in , , , , , ,

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