The robo-advisory market of North America is expected to lead among other regions and makes a continuous effort to innovate cost-effective automated financial advisory services.
The robo-advisory market in North America is anticipated to be majorly driven by the U.S. throughout the forecast period. This region has most of the initial automated advisory traction, especially the U.S. The service offerings provided by them are almost similar, but there are significant differences within areas like cost, investment types, tax optimization, type of accounts, etc. in this extensively crowded marketplace.
By type, North America robo-advisory market is classified as pure robo-advisors and hybrid robo-advisors. Hybrid robo-advisors dominate the market with a promising growth during the forecast period.
By type of client assets, North America robo-advisory services are used for the mass affluent, high-net-worth individuals, pension funds, insurance companies, and sovereign wealth funds. The mass affluent segment is generating the highest revenue for this segment.
Growth Factors
The robo-advisory market is predicted to witness a high growth rate owing to 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 is one of the primary factors that is expected to augment the demand of robo-advisors at a high rate in the coming years.
Threats
- The Vanguard Group
- Betterment LLC.
- Charles Schwab Corporation
- Wealthfront
- Hedgeable, Inc.
Topics Covered
Chapter 1 Executive Summary
Chapter 2 North America Robo-Advisory Market Overview
Chapter 3 North America Robo-Advisory Market Analysis
Chapter 4 U.S. Robo-Advisory Market Analysis
Chapter 5 Canada Robo-Advisory Market Analysis
Chapter 6 Company Profiles
Chapter 7 Conclusion
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