LONDON, Sept. 20, 2016 /PRNewswire/ -- Low cost, automated investment advice is set to become the core of financial planning services, with market potential of $19.5 trillion assets under management, according to a new report by Ignition House, the financial services experts, and The Business Research Company. The 'Robo Advice: Revolution or Evolution?' Report argues that as awareness of automated options increase, and assets under management grow, many consumers and institutions will want to move away from expensive traditional investment advice into low cost automated options. This will initially be driven mainly from the corporate level, with large client wins by institutional robo offerings, and later by consumer focussed services.
"The robo advice market is set for explosive growth, and we at Ignition House are excited to be the go-to authority tracking its development" commented Janette Weir, one of the report's authors.
The report shows that the current market for robo advice is dominated by the USA, with an estimated $1.2 trillion under management. The favourable regulatory environment, the high propensity to save in equities and the size of the retirement savings market all mean that the US is the most promising market for robo advice. India and China present long term opportunities but continue to be tied to traditional property, gold and money market fund investments. In Europe the UK looks set for growth with major pension funds available for investment and a positive environment for fintech.
Download the full report: https://www.reportbuyer.com/product/4051319/
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
For more information:
Research Advisor at Reportbuyer.com
Tel: +44 208 816 85 48
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/robo-advice-revolution-or-evolution-including-robo-advice-automated-financial-planning-financial-advice-brokerage-fund-platforms-covering-australia-europe-uk-usa-300331372.html