Summary List Placement
Digital wealth managers, also called robo-advisors, came into existence after the financial crisis in 2008, when fintechs aimed to simplify and democratize wealth management services with technology-first solutions.
Robo-advisors use technology such as AI algorithms and machine learning to manage users’ assets, while often relying on a hybrid model including human advice to enhance the customer relationship.
Although they only hold a fraction of the more than $43 trillion in investable assets under management in North America, digital wealth management is set to grow in the future – presenting an opportunity for fintechs and incumbents alike.
In this report, Insider Intelligence details the Key Digital Wealth Managers that are demonstrating best practices for the industry.
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Source:: Business Insider