Proof Point
Business Insider expects global assets managed by robo advisors to increase 140.8% annually from $0.1 trillion in 2015 to $8.1 trillion in 2020
Global Assets Under Management (AUM) by Robo-Advisors
2015 – 2020F (US$ trillion)
Proof Point Findings
- Robo-Advisors – Digital platforms using algorithms to manage investments and offer financial advice with minimal human intervention
- Exponential AUM Growth – Robo-advisors AUM expected to dramatically increase from $100 billion in 2015 to $8.1 trillion by 2020, around 10% of total global AUM
- Advantages over Traditional Services – Offers lower fees with similar return rates, provides ability to tap into broader market segments, such as millennials who aversely trust financial services, and speeds up application process
- Key Growth Drivers – Include proliferation of robo-advisors in financial sector, growing demand for task automation, rising need to optimize operating costs, increasing consumer preference for self-service options, and rapidly advancing artificial intelligence technologies
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Accelerator |
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Market Disruption |
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Sector |
Financial Services
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Source |
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Date Last Updated |
June 30, 2017
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