Robo-advisors are beginning to cross borders, opening up traditional wealth managers to new competitors in foreign markets. As this trend continues, smaller innovators will increasingly face competition from large financial institutions in markets like the U.S. and United Kingdom. It remains to be seen whether innovators can effectively compete directly with traditional wealth managers or win by exploring alternative strategies, such as becoming a niche player.
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.