Number of users in the robo-advisors segment of the fintech market United Kingdom 2018-2028

The number of users in the 'Robo-Advisors' segment of the fintech market in the United Kingdom was forecast to continuously increase between 2024 and 2028 by in total three thousand users (+1.55 percent). After the tenth consecutive increasing year, the number of users is estimated to reach 196.96 thousand users and therefore a new peak in 2028. Notably, the number of users of the 'Robo-Advisors' segment of the fintech market was continuously increasing over the past years.

Find further information concerning the number of assets under management in the 'Robo-Advisors' segment of the fintech market in Japan and the number of users in the 'Robo-Advisors' segment of the fintech market in the United States.

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Number of users in the robo-advisors segment of the fintech market United Kingdom from 2018 to 2028 (in thousand individuals)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

A Robo-Advisors is a type of financial advisor that uses computer algorithms to provide automated investment advice and manage portfolios for clients. These online platforms use complex mathematical models and historical data to analyze market trends and make investment recommendations based on the client's risk tolerance and investment goals. Robo-advisors typically offer a variety of investment options, such as index funds and exchange-traded funds (ETFs). Unlike traditional human financial advisors, robo-advisors operates around the clock, and often have lower fees. The advantage of these services lies in the passive role of the investor, who may not want or cannot afford ongoing personal monitoring of their portfolio development.

Additional Information:

Keyplayers in this market are Wealthfront, Schwab Intelligent Portfolios and Betterment.

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