Global Robo-Advisor Market size was valued US$ XX Mn in 2019 and the total revenue is expected to
grow at xx % through 2020 to 2027, reaching US$ XX Mn.
Global Robo-Advisor Market
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Global Robo-Advisor Market Overview:
Robo-advisory is basically an automated, algorithm-based portfolio management service provided by
wealth management companies. Robo-advisors provide an automated service that builds investment
portfolio, tracks and re-balances, eliminating the burden of having to make these investment decisions
of the customers. Robo advisors are beginning to pick up steam, and these online financial consultants
are starting to take major business away from legacy businesses. Robo-advisors are digital systems with
little or no human oversight that offer automated and algorithm-driven financial planning services.
During the financial crisis of 2008, when small investors had cash surpluses when they pulled money out
of equities and interest rates reached zero, the notion of robo-advisors began. Robo-Advisors are online
financial advisor services that use cognitive computing, all without requiring human financial planners,
to understand, evaluate and solve problems for clients. Globally, strategies for robo-advisors are
attracting considerable funding from venture capitalists. Over the last few years, robo-advisor platforms
such as Wealthfront, Betterment, and FutureAdvisor have attracted many investors. The rise of the
robo-advisor appears to be unstoppable and is guided by numerous factors, including low interest rates,
increasing trust in the recommendations created by computers, and supercomputing and cloud
availability. The Robo-Advisor market is dignified to witness a beneficial growth in the forecasted years.
Robo-advisors are designed to recognize the needs of investors, recommend the investment and
allocation plan, execute the allocations selected, track outcomes, and re-balance the portfolio as per the