NEW YORK, Sept. 15, 2016 /PRNewswire/ -- DST kasina, LLC, a provider of data-driven insights and distribution solutions to financial companies around the world, has released a report on the ways that asset managers can lay critical groundwork to stay current with the growth of the robo advisory market.
The DST kasina report titled "Preparing Distribution Organizations For Digital Advice" examines the trends driving the adoption of digital and human (hybrid) advisory and the opportunities for asset managers with or without their own robo advisor offering.
The report's key findings are:
- Investors prefer a mix of human and digital advice over pure digital advice by a margin of 11 to 1, and surprisingly over purely human advice by at least 3 to 1.
- Though 65% of advisors see robo as a technology that will endure, at least 73% of them need some level of guidance before they can participate in the benefits of digital advice
According to the report, although some asset managers have bought, developed or invested in a robo advisor, most have no digital advice strategy, potentially ceding control of the robo conversation to more proactive competitors.
"Distribution executives tend to view engagement around robo as a function of corporate technology or something broker/dealers will do," said Jason Dauwen, Senior Research Analyst at DST kasina and author of the report. "In fact, our research reveals that most advisors are unsure or anxious about robo's impact to their business. Distribution teams who lead the robo discussion with advisors will set themselves apart as subject-matter experts, while strengthening their relationships with their distribution clients in the process."
This report builds on previous DST kasina research and surveys on wholesaler and financial advisor preferences and practices, as well as recent interviews with distribution executives at asset management firms, robo advisor experts, and financial advisors.
"Distribution teams should not be satisfied waiting on the sidelines for the shifting landscape of robo advisor to unfold," Dauwen said. "The future of digital advice is taking shape. Asset managers, and distribution teams in particular, can add value around digital advice now for their advisors or someone else will."
In addition to the study's findings, DST kasina provides:
- An analysis of robo advisor trends, platform models, and players
- Recommendations for firms who have digital advice platforms and those who do not
- Key questions for firms entertaining digital advice strategies.
For more information on DST kasina's "Preparing Distribution Organizations For Digital Advice" report, contact Myra Bartalos, Head of Marketing, at firstname.lastname@example.org.
About DST kasina
DST kasina, LLC, helps leading companies in the financial services industry manage data, gain insight, and ignite change in their business. Through effective use of advanced analytics, research, and distribution intelligence technologies, DST kasina enables business to better understand, predict, and optimize key business factors impacting their asset growth and profitability. For more information on how to leverage DST kasina's strategic advisory services, visit www.kasina.com.
DST Systems, Inc. (NYSE: DST) is a leading provider of specialized technology, strategic advisory, and business operations outsourcing to the financial and healthcare industries. We enable clients to transform complexity into strategic advantage by helping them continually stay ahead of and capitalize on ever-changing customer, business and regulatory requirements in the world's most demanding industries. For more information, visit the DST website at www.dstsystems.com.
Laura M. Parsons
DST Global Public Relations
+1 816 843 9087
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SOURCE DST kasina, LLC