According to the
report analysis, ‘Latin
America Robo-advisory Market (2015-2023)’ states that there are few key
players which are presently functioning in this market more positively for
registering the handsome amount of share by studying the government guidelines
actively of the respective region for accomplishing the growing requirement of
the clients includes Betterment LLC., Wealthfront, Charles Schwab Corporation, Personal
Capital, FutureAdvisor and several others. Moreover, Latin America is
flattering to be a significant market as technology has full-grown manifold in
this region. In 2017, Latin America produced 6% of the revenue in the global
robo-advisory market. Meanwhile, with the significant upsurge in the number of
robo-advisors, the Latin American populace now get more convoluted in
investment activities and think external from the box or the saving account.
The robo-advisory market in Latin America is anticipated to rise at an overall
compound annual growth rate (CAGR) of 53.68 % and by 2023; it will be valued at
USD 4.48 Billion.
The IT and ITES market
of Latin America has grown more significantly with the category of
robo-advisory. Whereas, the robo-advisor or robo-advisers are a class of
financial adviser that deliver advice on finance and investment management at
an online platform with the restrained to minimal human intermediation. They
provide digital financial advice which is majorly based on the algorithms and
mathematical rule while, these algorithms are achieved by the specialized
software and thus financial advice do not need any human body to advice.
Moreover, by utilizing the algorithms the software automatically manage,
allocate and improve the clients’ assets on the basis of risk preferences and
desired target return. Furthermore, the key players of this market are
dominating handsome amount of share and playing an important role by doing
effective developments in the market strategies and policies which will be further
beneficial in leading the fastest market growth in the forecasted period.
The market key players
in Latin America have announced the partnerships for ruling across the globe
and analyze the strategies and policies of international players for dominating
the highest market share in the forecasted period.
Additionally, on the
basis of type, the robo-advisory market in Latin America encompasses hybrid and
pure robo-advisors. While, the Hybrid robo-advisors govern the market.
Presently, the Latin American market though faced a downturn
and is anticipated to bounce back in the near future. Furthermore, on the basis
of client assets type, the robo-advisory market in Latin America comprises the
mass prosperous, high-net-worth individuals, pension funds, insurance
corporations and sovereign wealth funds. The bulk affluent sector has been the
uppermost revenue producing as well as the fastest growing segment during the
reviewed period.
For instance, the
hybrid robo-advisory facilities upturn the competence of advisors about the
number of clients attended per professional. This growing trend of hybrid solutions
in the Latin America will also have an impact on the client charges in the
market. Whereas, the automated investment advisory amenities are the key to
transporting private banking services to the mass prosperous individuals at an
inexpensive cost for both the bank and the clients. Therefore, in the near
future, it is expected that the market of robo advisory in Latin America will grow
more positively in the near future.
To know more, click on the link below:
Related Reports :
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
