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US Robo-Advisors Threat Transforming Retail Investment: A Market Report

 

Over the years, robo-advising has been the new form of technology that’s been rising in retail investments and is expected to be the next step in the evolution of asset management and financial decision-making. The robo-advisor space includes online platforms such as Wealthfront, Betterment, AssetBuilder, Covestor, Financial Guard, FutureAdvisor, Jemstep, MarketRiders, Personal Capital, Rebalance IRA and SigFig. These firms develop automated investment portfolios and recommendations for their individual clients. According to a study by Deloitte, these firms grew to ~19 billion AUM by the end of 2014—a ~65%-growth from the previous eight months.

"We think robo-advisors a ...

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