The financial services industry is undergoing a significant transformation in the way that advisory services are provided and delivered. This evolution is being driven by a variety of factors from new regulations, to changing demographics, to technological advances. These changes are occurring at a time when the need for financial advice has never been greater.
Within this context, digital advisors –commonly referred to as “roboadvisors” – have garnered considerable attention. Thanks to their user-friendly and automated processes, low-cost portfolio management and solid performance, robo-advisors are posing a challenge and an opportunity to traditional financial advisory services. 80% of the top 12 asset managers are already engaged in robo-advisor activities.
Venture capitalists have bet over $300 million in Robo Advisory Startups to disrupt the wealth management industry.
We will discuss latest developments such as business model evolution (e.g. B2C, B2B, White Label) or potential channel conflicts with traditional sales force with representatives of startups and global wealth management executives.