Business

Key Digital Wealth Managers: How robo-advisors present an opportunity for fintechs and incumbents alike

Digital wealth managers, also called robo-advisors, came into existence after the financial crisis in 2008, when fintechs aimed to simplify and democratize wealth management services with technology-first solutions.

Robo-advisors use technology such as AI algorithms and machine learning to manage users’ assets, while often relying on a hybrid model including human advice to enhance the customer relationship.

Although they only hold a fraction of the more than $43 trillion in investable assets under management in North America, digital wealth management is set to grow in the future – presenting an opportunity for fintechs and incumbents alike.

In this report, Insider Intelligence details the Key Digital Wealth Managers that are demonstrating best practices for the industry.

This exclusive report can be yours for FREE today.

Read the original article on Business Insider

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