NEW YORK, Jan. 31, 2017 /PRNewswire/ — Investment advice – comprises entities primarily involved in providing customized investment advice to clients on a fee basis. These entities are not involved trading activities. Primary activities performed by establishments in this industry are providing financial planning advice and investment counseling to meet the specific goals and needs of their clients,
The Americas was the x largest geographic region in the investment advice services market in 2016, accounting for $x billion or x% of the global market. Asia was the x largest geographic market, accounting for $x billion or x% of the global market. Europe was the x largest geographic market, accounting for $x billion or x% of the global market. The Middle East and Africa accounted for x% and $x billion, while Oceania accounted for x% of the global investment advice market.
Growing Popularity of Automated advice
The demand for automated or robo advice is growing rapidly in wealth management services. Automated advice is an online wealth management service which provides automated or algorithmic investment advice without any human intervention. This is becoming popular mainly because robo advisors are relatively cheap, compared to traditional wealth management services. Though robo advice is not entirely new, it is recently gaining traction amongst users. According consulting firm Corporate Insight, total assets managed by the 11 leading robo advisors in the US rose nearly 70% during 2014, and registered assets under management (AUM) reached about $20 billion.
Leading wealth management firms should consider using robo advice to reduce the cost of fund management and offer cheaper services to their consumers.
Read the full report: http://www.reportlinker.com/p04590174-summary/view-report.html
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
Contact Clare: email@example.com
Intl: +1 339-368-6001