Boston, September 12, 2017 – The U.S. digital advice market is entering a growth phase that is providing ample thrill to market observers and participants, and both domestic and foreign market participants look to the U.S. market to answer some basic questions that impact the global trend. How is the adoption of digital advice set to grow in terms of accounts and AUM over the medium term? And which firms have a competitive edge amid this growth?
This report measures the extent to which consolidation is taking place in the U.S. digital advice sector and highlights how this new growth stage is introducing a battle that is centered on major financial brands and a new subscription model for pricing wealth management services. It relies on a multitude of research efforts conducted from August 2016 to July 2017, including a series of structured and unstructured interviews with executives at leading firms in the digital advice industry as well as the analysis of public filings.
This 44-page Impact Report contains 35 figures and two tables. Clients of Aite Group’s Wealth Management service can download this report, the corresponding charts, and the Executive Impact Deck.
This report mentions Acorns, Ally Invest, Alpha Architect, AssetBuilder, Bank of America, BATS, Betterment, BlackRock, blooom, Charles Schwab, Covestor, Edelman, Ellevest, E-Trade, eSavant, Global Trading Systems, Fidelity Investments, Future Advisor, Hedgeable, Invesco, Merrill Edge, Morgan Stanley, Nasdaq, New York Stock Exchange Arca, Personal Capital, Pimco, Raymond James, Rebalance IRA, Ritholz Wealth Management, Scalable, State Street Global Advisors, Sigfig, SoFi, TD Ameritrade, T. Rowe Price, The U.S. Securities and Exchange Commission, UBS, VanEck, Vanguard, Wealthfront, Wela Strategies, Wells Fargo, Wise Banyan, and WorthFM.