September 14, 2015
With the advent of robo-advisors, a dynamic shift is happening in the retail investment industry where technology is making faster and smarter financial decisions. LTP along with GrowthPraxis, is coming up with a new report on the concept of robo-advisors. According to the report, by 2020, robo-advisors will be managing about over a trillion dollars in the US.
It would be unwise for asset managers to ignore the potential disruption caused by the so-called ‘robo-advisors.’ Nutmeg recently raised a $32M mega-round for their platform, with Schroders at the table participating in the financing. Our industry cannot afford to ignore these technological gains that investors will benefit from and are actively seeking out.- Brad Hancock, Head of Web & eMarketing at BNY Mellon Asset Management to media.
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