Digital wealth managers, also known as robo-advisors, came into existence after the financial crisis in 2008, when fintech 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 customer relationships.
While they only hold a fraction of more than $ 43 trillion in investable assets under management in North America, digital wealth management is set to grow in the future – offering many more opportunities alike.
In this report, Insider Intelligence details key digital wealth managers who are demonstrating best practices for the industry.
This special report can be yours for today.