Well-funded and established financial institutions continue to lead the robo-advisor market, with companies like Vanguard demonstrating staggering growth at large AUMs. Increasingly, traditional wealth advisors will be forced to lower their fees in response to this heightened competition. However, as large players continue to dominate, it will also become difficult for stand-alone robo-advisors to compete as they face struggles with client acquisition and generating brand recognition in the marketplace.
Here is your Canada Fintech Forum Day 2 Recap
The second day of the Canada Fintech Forum was welcomed with opening remarks by CEO of Finance Montreal Louis Levesque announcing that this year’s Forum was the most successful and largest of its kind in Canada with well over 1,500 ecosystem players present and ready to collaborate. The highlight of this year was the introduction of the Deloitte Technozone that provided participants with immersive and interactive experiences from numerous technologies grounded in AI, Blockchain, and Analytics. He continued to indicate the success achieved in Day 1 in not only promoting Fintech entrepreneurship, rather the ongoing success that will be achieved with the CDPQ/Desjardins $75M Fintech fund created to support and grow the ecosystem.