Big Firms Starting To Dominate Robo-Advisor Industry, Report Says

Vanguard is Vanguarding the roboadvisor movement, according to a recent report.

The amount of assets managed by U.S. roboadvisors is poised to quadruple over the next five years, but independent digital advice providers are unlikely to benefit as larger, established firms attract the lion’s share of the assets, according S&P Global Market Intelligence.

The report predicts that digital advice assets will grow from $98.52 billion at the end of 2016 to $460.46 billion at the end of 2021.

from FA News http://www.fa-mag.com/news/the-vanguarding-of-the-roboadvisors-has-only-just-begun-33901.html

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s