The Asia Pacific Robo Advisory Market should witness market growth of 30.4% CAGR during the forecast period (2022-2028).
Robo-advisors are computer programs that mimic the advice of human financial advisors. Betterment, the most successful company in the robo-advisor industry, saw this potential and encouraged customers to put their money into algorithm-driven portfolios so that they could receive consistent returns. Since that time, robo-advisory has become the industry buzzword, and many established companies in the wealth management sector have begun offering robo-advisors as part of the solution portfolio they offer to their customers.
Robo-advisors are meant to comprehend the needs of investors, offer an investment and allocation plan, execute the specified allocations, monitor the results, and perform portfolio rebalancing following the strategy. Robo-advisors make it simple to open up an account and provide complete education as well as powerful goal planning, portfolio management, account services, security measures, and increased client care.
Additionally, services such as tax-loss harvesting and retirement planning, which have previously been supplied primarily by major wealth managers, are sometimes bundled together as part of the product provided by robo-advisors. Robo-advisors offer efficiencies in addressing a wider range of investors, including the underpenetrated mass affluent and small investor segments of wealth management.
Hong Kong is a highly developed city with widespread internet and mobile phone access, which offers a solid foundation for the city's fintech ecosystem. According to Invest Hong Kong, 600 startups and fintech companies operate in the country. Similarly, 86% of regional banks already use or plan to employ fintech solutions for all financial services. The city is among the top five developed economies worldwide for consumer adoption of fintech. Since 2014, Hong Kong's fintech businesses have raised over $1.1 billion in venture funding.
The China market dominated the Asia Pacific Robo Advisory Market by Country in 2021; thereby, achieving a market value of $1.9 billion by 2028. The Japan market is registering a CAGR of 29.6% during (2022-2028). Additionally, The India market would showcase a CAGR of 31.2% during (2022-2028).
Based on Provider, the market is segmented into Fintech Robo Advisors, Banks, Traditional Wealth Managers and Others. Based on End-user, the market is segmented into High Net Worth Individuals and Retail Investor. Based on Service Type, the market is segmented into Direct Plan-based/Goal-based and Comprehensive Wealth Advisory. Based on Type, the market is segmented into Hybrid Robo Advisors and Pure Robo Advisors. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wealthify Limited (Aviva plc), The Charles Schwab Corporation, Betterment LLC, Fincite GmbH, Wealthfront Corporation, The Vanguard Group, Inc., Ellevest, Inc., Ginmon Vermögensverwaltung GmbH, SigFig Wealth Management, LLC and Social Finance.
Robo-advisors are computer programs that mimic the advice of human financial advisors. Betterment, the most successful company in the robo-advisor industry, saw this potential and encouraged customers to put their money into algorithm-driven portfolios so that they could receive consistent returns. Since that time, robo-advisory has become the industry buzzword, and many established companies in the wealth management sector have begun offering robo-advisors as part of the solution portfolio they offer to their customers.
Robo-advisors are meant to comprehend the needs of investors, offer an investment and allocation plan, execute the specified allocations, monitor the results, and perform portfolio rebalancing following the strategy. Robo-advisors make it simple to open up an account and provide complete education as well as powerful goal planning, portfolio management, account services, security measures, and increased client care.
Additionally, services such as tax-loss harvesting and retirement planning, which have previously been supplied primarily by major wealth managers, are sometimes bundled together as part of the product provided by robo-advisors. Robo-advisors offer efficiencies in addressing a wider range of investors, including the underpenetrated mass affluent and small investor segments of wealth management.
Hong Kong is a highly developed city with widespread internet and mobile phone access, which offers a solid foundation for the city's fintech ecosystem. According to Invest Hong Kong, 600 startups and fintech companies operate in the country. Similarly, 86% of regional banks already use or plan to employ fintech solutions for all financial services. The city is among the top five developed economies worldwide for consumer adoption of fintech. Since 2014, Hong Kong's fintech businesses have raised over $1.1 billion in venture funding.
The China market dominated the Asia Pacific Robo Advisory Market by Country in 2021; thereby, achieving a market value of $1.9 billion by 2028. The Japan market is registering a CAGR of 29.6% during (2022-2028). Additionally, The India market would showcase a CAGR of 31.2% during (2022-2028).
Based on Provider, the market is segmented into Fintech Robo Advisors, Banks, Traditional Wealth Managers and Others. Based on End-user, the market is segmented into High Net Worth Individuals and Retail Investor. Based on Service Type, the market is segmented into Direct Plan-based/Goal-based and Comprehensive Wealth Advisory. Based on Type, the market is segmented into Hybrid Robo Advisors and Pure Robo Advisors. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wealthify Limited (Aviva plc), The Charles Schwab Corporation, Betterment LLC, Fincite GmbH, Wealthfront Corporation, The Vanguard Group, Inc., Ellevest, Inc., Ginmon Vermögensverwaltung GmbH, SigFig Wealth Management, LLC and Social Finance.
Scope of the Study
By Provider
- Fintech Robo Advisors
- Banks
- Traditional Wealth Managers
- Others
By End-user
- High Net Worth Individuals
- Retail Investor
By Service Type
- Direct Plan-based/Goal-based
- Comprehensive Wealth Advisory
By Type
- Hybrid Robo Advisors
- Pure Robo Advisors
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Wealthify Limited (Aviva plc)
- The Charles Schwab Corporation
- Betterment LLC
- Fincite GmbH
- Wealthfront Corporation
- The Vanguard Group, Inc.
- Ellevest, Inc.
- Ginmon Vermögensverwaltung GmbH
- SigFig Wealth Management, LLC
- Social Finance
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- Exhaustive coverage
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Asia Pacific Robo Advisory Market by Provider
Chapter 4. Asia Pacific Robo Advisory Market by End-user
Chapter 5. Asia Pacific Robo Advisory Market by Service Type
Chapter 6. Asia Pacific Robo Advisory Market by Type
Chapter 7. Asia Pacific Robo Advisory Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Wealthify Limited (Aviva plc)
- The Charles Schwab Corporation
- Betterment LLC
- Fincite GmbH
- Wealthfront Corporation
- The Vanguard Group, Inc.
- Ellevest, Inc.
- Ginmon Vermögensverwaltung GmbH
- SigFig Wealth Management, LLC
- Social Finance
Methodology
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