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.
2020 Outlook: How FinTech Transformed the Wealth Management Industry
The year 2017 was the most pivotal year for wealth management – technology startups shot themselves in the foot, empowering the next wave of transformation in one of the most asset-heavy segments. Taking their time to watch, interact, and learn, financial institutions have evolved beyond recognition in their strateg...
Wealth Managers Beware: Emerging Fintechs Are Coming For Retirement Planning Next
A new breed of robo-retirement startups have positioned themselves to take on incumbents and the $27.3T of assets held in retirement accounts.