Targeting the high-net-worth segment is an interesting approach for robo-advisors. This move will undoubtedly increase customers’ scrutiny on portfolio performance and demand for personalized financial planning by a human advisor. As robo-advisors explore hybrid delivery models, they open themselves up to intense competition from traditional banks that already have strong advisor networks in place, ready to be complemented with automated offerings.
Fidelity’s Tech Upgrade Includes Data Aggregation and Insights
Fidelity released details of new technology tools coming to Wealthscape this year, including data aggregation, analytics and a digital marketplace.
The Rise of Wealthtech: Infographic
Evolving consumer expectations, the rapid adoption of technology and new competitors entering the markets are placing new demands on today's wealth managers.