Statista estimates that total assets under management in the robo-advisory segment will reach US$327,596 million in 2020, with compound annual growth rates (CAGR 2020-2023) of 40.4% creating a US$906,932 million industry by 2023. The company also estimates the number of robo-advisory users will reach 127,001.9 thousand by 2023. What is driving these numbers? According to Statista: underperforming ETFs and falling commodity prices. “Large investment funds are implementing robo-advisory technology as the efficiency of automated portfolio management promises high return rates compared to old-fashioned alternatives.” Setting aside those numbers, we look at the way and how of robo-advisory. Robo-advisory started out [...]
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