12.05.19
Assets Managed by Robos up 10 Percent So Far in 2019 to $283 Billion
by: Ryan W. Neal
Assets managed by digital advisors increased by 10 percent over the first three quarters of 2019 to reach a total of $283 billion, according a report from Aite Group. Aite forecasts that the robo-advice market will reach $1.26 trillion by the end of 2023, as market forces encourage firms to manage assets digitally. "Many factors will push full-service firms to grow their digital assets, such as the potential for regulations that may require changes to product offerings to mass-affluent clients, strategies behind down-market servicing, and client demand for digital investment tools," Aite Pirker, research director of Aite's wealth management practice, wrote in the report.
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