by: Grow VC Group
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During the last few years, young technology companies have been disrupting the financial sector worldwide, giving birth to one of the most promising industries: fintech. Although the fintech sector includes several applications and business models, all companies operating within it share the same common goal: making the financial industry more efficient and transparent, by disintermediating it through the use of internet and technologies.

Disintermediation is indeed a key word within fintech. Just like online investing and peer-to-peer lending have disintermediated fundraising for small and medium companies, the so called “Robo-Advisors” are disintermediating wealth management.

Robo-advisors are by definition online wealth management services that provide automated, algorithm-based portfolio management advice without the use human financial planners. Like the rest of fintech players, these kind of companies are undergoing a very rapid growth and it has been estimated they will manage about $480 billion by 2020, which reveals a growth rate of approximately 2,500% in 5 years.

When looking at the future of the wealth management industry, it is very likely that robo-advisors will complement the services offered by incumbents. As an industry expert observed: “With retail direct firms adding digital advice solutions, and digital advisors using service representatives to support online advice, the two channels are converging”.

Read the whole article on Crowd Valley Blog.

More about fintech and artificial intelligence at DisruptiveViews.

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Grow VC Group The Grow VC Group is the world leading, global pioneer of securities crowd funding, peer to peer marketplaces, new investment models and global business development. Established in 2009, the Group has developed new investment models on six continents and continues to innovate the global market.

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This entry was posted on Friday, November 13th, 2015 at 5:00 pm and is filed under Business Updates. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.