Robo Advisory Market 2023 Analysis of Rising Business Opportunities with Prominent Investment, Forecast to 2030

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐨𝐛𝐨 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐔𝐒𝐃 𝟖𝟓𝟓.𝟗𝟖 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟏 𝐚𝐧𝐝 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐔𝐒𝐃 𝟐𝟎𝟏𝟑.𝟕𝟖 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟐𝟖, 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐚𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟏𝟑% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟐 𝐭𝐨 𝟐𝟎𝟐𝟖.

Wealth management firms offer Robo-Advisory, which is an automated algorithm-based portfolio management service. It enables cost-effective delivery of financial advice by reducing administrative expenses, making it accessible to clients at a lower cost. Robo Advisory is a program that automates portfolio management, allowing clients to customize their online investments to align with their long-term financial goals and short-term investment strategies. This service provides several advantages, including low-cost portfolios with high quality, secure investments, and tax-loss harvesting. Additionally, Robo advisory platforms analyze current economic conditions and real-time data, reducing the credit risk associated with investment decisions.

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Top Key Players Covered In Robo Advisory Market
• Betterment LLC
• Charles Schwab Corporation
• FutureAdvisor
• Hedgeable Inc
• Nutmeg
• Personal Capital
• SigFig Wealth Management
• Stash Invest
• Vanguard Personal Advisor
• Wealthfront Inc.
• WiseBanyan

Key Industry Development In The Robo Advisory Market
March 2022, California-based FinTech start-up Acorns specializing in micro-investing and Robo-investing has raised $300 million from private investors.

January 2022, UBS to acquire Wealthfront, automated investment services and Robo-adviser firm for USD 1.4 bn to expand in the American region.

December 2021, The Financial Supervisory Commission (FSC) has approved a one-year regulatory sandbox experiment proposal from ALPHA Robo-Advisor and SinoPac Securities to deliver a "Robo Advisor service for implementing financial inclusion.

Market Dynamics:
Driver:
Robo advisory services significantly reduce costs by automating portfolio management and eliminating the need for extensive human intervention. This cost-effectiveness makes these services attractive to investors, especially those with lower investable assets who may have been traditionally underserved by traditional wealth management firms. Rapid advancements in technology enable efficient portfolio management, personalized investment recommendations, and real-time data analysis. Robo advisory services offer 24/7 accessibility, user-friendly interfaces, and automated investment management, catering to the needs of digitally savvy investors who prefer online platforms for managing their finances. enhancing the user experience and driving the market growth.

Opportunities:
The adoption of Robo advisory services is still growing in many regions globally. There is an opportunity for providers to expand their operations into untapped markets, especially in emerging economies with a rising middle class and increasing internet penetration. Collaborations between traditional wealth management firms and Robo advisory platforms present opportunities for hybrid models that combine human expertise with technology-driven automated solutions. Integrating Robo advisory capabilities into existing wealth management offerings can help firms cater to a wider range of clients and enhance their overall service offerings.

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Segmentation Analysis of Robo Advisory Market
By Business Model, the Pure Robo Advisor segment dominates the Robo Advisory Market. The robot advisor is incorporated into the bank or financial firm's business model, and rob advisor clients are also bank customers. It is not a separate legal entity nor an autonomous advisor, and it does not operate outside of the service offering. It is also known as a fully integrated robot advisory service that does not require human presence in any process which is the main objective of the Robo advisory services. Hence, most financial and investment firms aim to integrate such services to reduce human resources. For instance, Wealthify - UK's growing Robo advisory firm includes a fully integrated robot advisory service for its clientele. therefore, Pure Robo advisory services are expected to gain momentum during the forecasted period.
• Pure Robo Advisors
• Hybrid Robo Advisors

By Service Provider, FinTech Robo Advisors dominates the Robo Advisory Market. Fintech software is already a part of the wealth management, financial planning, investing, and consultancy revolutions. In big data research, AI-powered apps are faster, produce more accurate findings, allow for remote operation, and are less expensive than skilled financial advisers in opulent offices. Robo-advisory software, by definition, is a digital platform that allows customers to access automated and algorithm-driven financial planning services with little or no human participation. The total value of assets handled by Robo-advisors is expected to exceed USD 8 trillion by 2020. Surprisingly, by 2025, the amount of assets under the care of Robo-advisory software is predicted to expand at a rate of about 19 percent each year. Hence, the fintech sector is expected to nurture the Robo advisory market during the forecasted period.
• FinTech Robo Advisors
• Banks
• Traditional Wealth Managers
• Others

By Service Type, the Comprehensive Wealth Advisory segment is expected to grow during the forecasted period. Traditional financial planning procedures are nothing like this new type of online asset management service system. Automated portfolio management is becoming more accessible, inexpensive, and convenient thanks to Robo-advisors. They can provide highly personalized services to meet the requirements, tastes, and modes of contact of each customer, and they can be expanded beyond the rich to appeal to mass affluent market segments as well. As a result, wealth management firms should think about how to best integrate Robo-advice services and capitalize on the new opportunities they present. There will always be investors who prefer human engagement over Robo-advice, but a solution that delivers both will succeed in the market.
• Direct Plan-Based/Goal-Based
• Comprehensive Wealth Advisory

By End User, High Net Worth Individuals is anticipated to be dominating segment in the Robo Advisory Market. The segment is high driven by First-generation entrepreneurs who are more likely to possess the majority of wealth, have a higher risk appetite, and prefer to handle their funds. The investments from such individuals are based on perpetual returns over the years, therefore, while seeking such investment opportunities, Robo advisory can be tremendously beneficial as Robo advisors are well equipped with comprehensive knowledge and understating of the business model and best possible scenario for its client. For instance, Singapore's OCBC Bank launched RoboInvest, a Robo-investment program aimed at youthful and tech-savvy investors, earlier this year. The service has been compared to choosing a playlist on a digital music service, with investors able to choose between 28 stocks and bond portfolios for an initial deposit of SGD 3,500. The next generation still wants to be in charge, but they're also open to seeking expert financial advice. In such a case, personalized advice services with hybrid Robo advisory services are expected to grow during the forecasted period.
• Retail Investor
• High Net Worth Individuals

Regional Analysis Of Robo Advisory Market
North America region dominating the Robo Advisory Market. Because of the existence of various major participants in the region, such as Betterment LLC, Charles Schwab & Co., Inc., Wealthfront Inc., and Vanguard Group, among others, the North American region is likely to dominate the market. In terms of technical progress and the robotics sector, the area has also surpassed other regions. To capitalize on the first-mover advantage and acquire maximum market traction, the company's major financial institutions are developing and launching new products. Citigroup, for example, introduced a new digital Robo-advisor in January 2020, which would offer free services to Citi's Priority clients who have at least USD 50,000 in accounts or investments with the bank. Several financial institutions are still in the early stages of developing cutting-edge systems that will provide Robo-advisory services to their consumers. The Vanguard Group, for example, promises to introduce a Robo-advisory service that, according to the business, would eliminate the need for human advice. In 2020, Goldman Sachs plans to introduce digital wealth management services for consumers with smaller assets, starting at USD 5,000. In the future period, such activities and investments by regional players are likely to strengthen the market's dominance.

The Asia Pacific is expected to be dominating the Robo Advisory Market in the coming years. Given the former's vital access to China's massive HNWI market and the latter's ambitious FinTech drive, Hong Kong and Singapore are two of the important Robo-adviser markets in the Asia Pacific. User penetration rates in these two areas are predicted to quadruple over the next four years, resulting in considerable gains in AUM. Furthermore, Robo-advisory services are likely to be the most appealing to Retail and Affluent consumer categories in the Asia Pacific due to their great growth potential. Given their increased tolerances for risk and need for control, HNWI investors in the area are unlikely to use these services since they will continue to make self-directed investments. The Retail and Affluent groups, on the other hand, can benefit from low-cost, automated guidance offered through banking systems in formats they are familiar with. Women are more likely than males to use Robo-advisers in Singapore, with 25-34-year-olds having the highest awareness and likelihood of using them. Women who are prepared to utilize Robo-advisers, in particular, have smaller investable assets. This shows that women with little or no financial expertise are more likely to visit a robot adviser, necessitating a particular set of skills. With such adoption, Robo advisory market expected to make the market in Asia Pacific region.
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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The Robo Advisory market research study ensures the highest level of accuracy and reliability as we precisely examine the overall industry, covering all the market fundamentals. By leveraging a wide range of primary and secondary sources, we establish a strong foundation for our findings. Industry-standard tools like Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis further enhance the comprehensiveness of our evaluation. Our study also discusses the complete Robo Advisory market ecosystem, explaining the various market stakeholders, their functions and interdependencies between them. Further, with an emphasis on comprehensive segmentation analysis and geographical coverage, the study enables a profound understanding of regional trends. Moreover, we explore external factors providing a comprehensive view of the market dynamics. A very important area of this report is the in-depth company profiles and competitive analysis, offering invaluable insights into market players' overview, market role, operating business segments & Products, and financial performance. By evaluating crucial metrics like production volume, sales volume, and sales margin, we provide a comprehensive understanding of their market position.

Key Questions Covered in the Copyright Licensing Market Report:
• What is the projected value of the Robo Advisory Industry in 2023?
• At what rate will the global Robo Advisory market size grow until 2030?
• Which are the factors hampering the growth of Robo Advisory?
• Which region is expected to lead in the global Robo Advisory market by 2030?
• Which are the factors driving the Robo Advisory Industry during the forecast period?
• What is the expected market value of the Robo Advisory market during the forecast period?

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