COGNIZANT CONSULTING
Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer
Learn More
  • Working to reshape business models, modernize products and enhance customer experiences to drive growth.
  • Reinventing and managing your most essential business processes with new ways of working.
  • Simplifying, modernizing and securing the IT infrastructure and applications that are the backbone of your business.
COGNIZANT CONSULTING
Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer
Learn More

Contact Us

THANKS FOR YOUR INTEREST IN COGNIZANT.

We'll be in touch soon!

x CLOSE

Refer back to this favorites tab during today's session for access to your selections.
Refer back to this favorites tab during today's session for access to your selections.x CLOSE

Perspectives

Robo Advice: From Challenger to Stepping Stone (Part 3)

2017-10-03


Not long ago, robo advice carried a whiff of mass produced operational efficiency rather than the sweet scent of better wealth management outcomes for clients and firms alike. The economic and social upheaval of the past few years has changed this dynamic.

In the face of decreasing margins and growing regulatory costs and scrutiny, wealth management firms are seeking new sources of revenue by targeting mass affluent and millennial investors. Fintechs, on the other hand, are wooing technology-savvy high-net-worth investors who want a more hands-on approach to managing their wealth. 

The infographic below reveals next steps in the evolution of wealth management industry:  How robo advice can attract younger investors who can eventually move to customized advice. It also details the path that firms must follow to make the transition to hybrid advisory models.

To learn more, please read parts one and two of our series on robo advice. The Rise of Robo Advisors (Part 1) and A ‘Wealth’ of Opportunities Beyond Robo Advisory (Part 2).

For more, please read our full report, “Emerging Trends in Automated Wealth Management Advice,” or visit the Asset and Wealth Management section of our website.

Related Thinking

Save this article to your folders


Save

PERSPECTIVES

The Rise of Robo Advisors (Part 1)

Here’s how European wealth managers can incorporate automated...

Save View

Save this article to your folders


Save

PERSPECTIVES

The Robot and I: How Bots Augment Human...

The most common real‑world robots make cars, unload ships, assemble...

Save View

Save this article to your folders


Save

PERSPECTIVES

A ‘Wealth’ of Opportunities Beyond Robo...

European wealth managers have many opportunities to provide...

Save View
Robo Advice: From Challenger to Stepping Stone (Part 3)