United States Robo-advisory Market Analysis (2015-2018) with Forecasts to 2023 - Dominated by Betterment, Wealthfront, Personal Capital, The Vanguard Group, and FutureAdvisor - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 14, 2018--The “United States Robo-advisory Market (2015-2023)” report has been added to ResearchAndMarkets.com’s offering.
The robo-advisory market is expected to cater to the demand and provide quality robo-advisory services needed by and beyond 2020.
The U.S. robo-advisory market is anticipated to show a double-digit growth rate during the forecasted period. The U.S. was the first country to introduce the automated financial advisors. Various wealth management firms and banks in the U.S. are planning to unveil robo-advisory services across the country by the end of 2018.
The U.S. has the largest robo-advisory market in the world. It will continue to absorb a much larger share of the demand of the total number of robo-advisors in the world. This trend will reflect the nature of automated financial advisory services due to high market penetration.
The U.S. robo-advisory market is classified on the basis of two types of robo-advisors, hybrid and pure. Among these two segments the hybrid robo-advisors is the largest and also the fastest growing segment. The hybrid robo-advisors are becoming a new trend in this country to cater to the demand for a more tailored solution for the more complex investment requirements.
The U.S. robo-advisory market is classified on the basis of types of client assets into the mass affluent, high-net-worth individuals, pension funds, insurance companies and sovereign wealth funds. The mass affluent segment generated the highest revenue in 2017 and is expected to maintain its revenue generation trend in the coming years.
The robo-advisory market is predicted to witness a high growth rate owing to the surge in affordability and accessibility with low financial assistance fee and rising internet penetration following advancement of technology. Increasing competition with new entrants and diversified services are the primary factors expected to augment the demand of robo-advisors at a high rate in the coming years.
Definition and suitability of financial advice along with conflicts of interests of the clients are the most important factors expected to limit the demand of different robo-advisors in the coming years. Moreover, the robustness and transparency of algorithms and consumer disengagement of business models are also challenging the growth of the market worldwide.
Key Players ProfiledBetterment LLC Wealthfront Personal Capital The Vanguard Group FutureAdvisor
Chapter 1 Executive Summary
Chapter 2 U.S. Robo-Advisory Market Overview
Chapter 3 U.S. Robo-Advisory Market Analysis - by Class
Chapter 4 U.S. Robo-Advisory Market Analysis - by Application
Chapter 5 Company Profiles
Chapter 6 Conclusion
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Related Topics:Wealth Management
KEYWORD: UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Research and Markets
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PUB: 11/14/2018 07:01 AM/DISC: 11/14/2018 07:01 AM