MyPrivateBankingThe infancy of abundant and high-net-worth people commend a intensity of robo advisors and programmed investment services to supplement value to their resources government services.
This is a categorical anticipating of MyPrivateBanking’s new quantitative row consult report “Investors’ Attitudes towards robo advisors – Evidence from a US and a UK”, with insights from 600 abundant and rich investors in a US and a UK.
The news analyzes in abyss a views and opinions of particular investors with courtesy to a robo confidant topic. Besides exploring investors’ attitudes towards specific facilities of online investment platforms, a consult tests code recognition and a aim market’s turn of honesty towards creation in this field. In serve to a endless investigate all formula are minute in endless information appendices.
High-net-worth people use online investment collection some-more than other investors
More than 70% of altogether respondents consider that such collection can definitely change their resources manager’s recommendation and decision-making routine and that programmed recommendation potentially speeds adult onboarding processes such as registration and comment opening, creation these processes some-more fit and convenient. This underlines how a immature and a rich are generally display a good openness, recognition and believe about robo advice.
Interestingly, a adoption of programmed resources recommendation is function faster in a high-net-worth shred than mass abundant with stream use of online resources government collection during 43% and 17%, respectively. The news also identifies a vital concerns investors have in honour to robo advisors and how a respondents rate a peculiarity of tellurian recommendation compared to that of robo’s.
UK and US investors are both open to robo advice, though differ in their attraction to price
Overall, investors on both sides of a Atlantic uncover clever similarities in their recognition and honesty towards programmed / robo advice, that are minute in a report. Despite a trends both countries have in common, some distinguished differences were also observed. Among them, this includes a anticipating that UK investors would compensate some-more for robo (and human-only) recommendation and in a US, a many aloft share of respondents state that they don’t consider they will use robo recommendation collection in a future. The news identifies a cost indicate investors would compensate and also a several levels of code recognition stream heading robo advisors have with investors in a US and UK.
Wealth government industry’s destiny will be in programmed advisory services
The news provides clear, experimental justification on because programmed recommendation and robo services are a poignant partial of any resources manager’s future. It shows how automation can raise customer compensation around a opposite stages of a advisory routine and that channels investors like to use to hit their resources managers. The news also identifies a many critical value-added services investors would like to see in a robo confidant apparatus and to that aim segments programmed services interest most.
This 258-page news (48 pages of investigate and explanation and 210 information draft pages) provides banks, resources managers, account managers and robo advisors with a information and investigate they need to make a right decisions on how to best offer abundant and high-net-worth people around online investment platforms.
The news tells we all we need to know about a behaviors, attitudes and needs of a rich with honour to robo recommendation in a US and a UK. In serve to exploring investors’ attitudes towards specific facilities of online investment platforms, a consult tests code recognition and a turn of honesty towards creation in this field. The pivotal commentary for any nation are presented in a news and assessed for their impact on resources managers targeting abundant and rich US and UK investors.
The news is formed on a quantitative row consult with a sum of 600 incidentally comparison mass affluent, abundant and high-net-worth participants in a UK and a US (300 from any country). All consult information are minute in a endless appendix to a report, with particular splits by nation and serve segmentation by criteria such as resources (amount of investable assets) and age.
The news provides minute investigate and data-driven insights into a client’s perspective of robo advice:
Levels of awareness regarding robo advisors in opposite resources segments
Usage of robo advisors and online investment platforms by affluent/HNWIs and characteristics of those users
- Share of resources that affluent/HNWIs are peaceful to conduct with an online investment tool
Expectations of affluent/HNWIs on a length and abyss of a registration routine during on-boarding for an online investment platform
Brand recognition of a heading robo advisors in a US and a UK
The turn of fees affluent/HNWIs would pay as a % of managed resources for programmed online advisory tools
Main advantages and disadvantages affluent/HNWIs see in robo advice
Technical features that online investment platforms should offer
Investment tasks that affluent/HNWIs expect an online advisory height should offer
How affluent/HNWIs correlate with their advisor and how they feel about destiny client-advisor communication channels
Satisfaction of affluent/HNWIs in 7 pivotal services offering by their resources manager
- Four endless information appendices (individual splits by nation and serve segmented by criteria such as Amount of investable resources and age)
Click here for Report Summary, Table of Contents, Questionnaire (PDF)
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