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United States Robo-advisory Market
The robo-advisory market is expected t- cater t- the demand and provide quality robo-advisory services needed by and beyond 2020. The U.S. robo-advisory market is anticipated t- show a double-digit growth rate during the forecasted period. The U.S. was the first country t- introduce the automated financial advisors. Various wealth management firms and banks in the U.S. are planning t- 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 t- 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 t- high market penetration.
The U.S. robo-advisory market is classified on the basis of tw- types of robo-advisors, hybrid and pure.Among these tw- segments the hybrid robo-advisors is the largest and als- the fastest growing segment. The hybrid robo-advisors are becoming a new trend in this country t- cater t- 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 int- 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 t- maintain its revenue generation trend in the coming years.
Key growth factors
The robo-advisory market is predicted t- witness a high growth rate owing t- 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 t- augment the demand of robo-advisors at a high rate in the coming years.
Threats and key players
Definition and suitability of financial advice along with conflicts of interests of the clients are the most important factors expected t- 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 als- challenging the growth of the market worldwide.
Some of the major players in the robo-advisory market are Betterment LLC, Wealthfront, Nutmeg, Personal Capital, The Vanguard Group, FutureAdvisor, etc.
What is covered in the report?
1. Overview of the U.S. robo-advisory market.
2. The current and forecasted market size data for the U.S. robo-advisory market.
3. The current and forecasted market size data for the segments of the market, by type - hybrid robo-advisors and pure robo-advisors.
4. The current and forecasted market size data for the segments of the market, by types of client assets - the mass affluent, HNWI, pension funds, insurance companies and sovereign wealth funds
5. Market trends in the U.S. robo-advisory market.
6. Market drivers and challenges in the U.S. robo-advisory market.
7. Analysis of competitor profiles of major players operating in the market.
Why buy?
- Understand the demand for the U.S. robo-advisors t- determine the viability of the market.
- Identify the developed and emerging markets where robo-advisory services are offered.
- Identify the challenge areas and address them.
- Develop strategies based on the drivers, trends and highlights for each of the segments.
- Evaluate the value chain t- determine the workflow and t- get an idea of the current position where you are placed.
- Recognize the key competitors of this market and respond accordingly.
- Knowledge of the initiatives and growth strategies taken up by the major companies and decide on the direction for further growth.
- Define the competitive positioning by comparing the products and services with the key players in the market.
Customizations Available
With the given market data, Netscribes offers customizations according t- specific needs. Write t- us at [email protected].