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Does the Future of Robo Advisors Include Facebook and Google?

Does the Future of Robo Advisors Include Facebook and Google?

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FintechNews Roundup
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Analysts at asset manager, Bernstein, believe the future is bright for robo advisors; in a recent client memo the firm concluded that BlackRock and Fidelity will eventually incorporate them into their business and technology giants Google and Facebook could be their main competition; though the current disruption from robo advisors is minimal, the largest one has $60 billion AUM as compared to Fidelity with $5.1 trillion AUM, the technology is what will be most useful for the wealth management industry; you have already seen big names like Deutsche Bank and UBS launch robo advisors, while BlackRock and Invesco have made acquisitions of the technology.  Source

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LendIt news team
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LendIt news team
Nov. 1, 2016 12:28 pm

Todd Anderson/LendIt News: Ultimately can the robo advisors compete? I can envision the technology being purchased and companies like Betterment being absolved, but they have good momentum right now and this would be a few years off.

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LendIt news team
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LendIt news team
Nov. 1, 2016 12:28 pm

Scott Lichtman/LendIt News: Some of the banking supporters of robo advising claim that a hybrid model of part-automated, part-personal investing advice will win out as the preferred customer support method. That may be be true, however, Gen Y and Millennials may well find that an easy-to-use automated investing platform – which doesn’t require faith in “beat the market” strategies or DIY asset selection – does the job fine on its own for most investing.

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Pranav
Pranav
Nov. 2, 2016 9:12 am

Analysts at asset manager, Bernstein, believe the future is bright for robo advisors; in a recent client memo the firm concluded that BlackRock and Fidelity will eventually incorporate them into their business and technology giants Google and Facebook could be their main competition; though the current disruption from robo advisors is minimal, the largest one has $60 billion AUM as compared to Fidelity with $5.1 trillion AUM, the technology is what will be most useful for the wealth management industry; you have already seen big names like Deutsche Bank and UBS launch robo advisors, while BlackRock and Invesco have made acquisitions of the technology.
Analysts at asset manager, Bernstein, believe the future is bright for robo advisors; in a recent client memo the firm concluded that BlackRock and Fidelity will eventually incorporate them into their business and technology giants Google and Facebook could be their main competition; though the current disruption from robo advisors is minimal, the largest one has $60 billion AUM as compared to Fidelity with $5.1 trillion AUM, the technology is what will be most useful for the wealth management industry; you have already seen big names like Deutsche Bank and UBS launch robo advisors, while BlackRock and Invesco have made acquisitions of the technology.

0