Alive and well: Why robo-advice remains a growth market

Tech-savvy clients demanding more transparency

clock • 3 min read

Darren Winfield explores the much-maligned robo-advice market and says it is actually doing just fine

As Mark Twain once said about his death, the same is true about robo-advisers: "The reports of the death of robo-advice are greatly exaggerated." In fact, it is alive and well. Our database shows that the number of digital wealth management (DWM)/robo-advice providers offering a guided approach to consumers, has increased to 25 over the last three years. However, DWM or robo-advice has had to work hard to maintain growth. We have seen many providers enter and leave the market. While technological advances over the last decade have helped to deliver better client outcomes, there's stil...

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