The number of users in the 'Robo-Advisors' segment of the fintech market in the United States was forecast to continuously increase between 2024 and 2028 by in total 0.6 million users (+2.91 percent). After the tenth consecutive increasing year, the number of users is estimated to reach 21.15 million 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.
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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Statista Market Insights. (January 22, 2024). Number of users in the robo-advisors segment of the fintech market United States from 2018 to 2028 (in million individuals) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/forecasts/1437521/number-of-users-robo-advisors-digital-investment-market-united-states
Statista Market Insights. "Number of users in the robo-advisors segment of the fintech market United States from 2018 to 2028 (in million individuals)." Chart. January 22, 2024. Statista. Accessed November 05, 2024. https://www.statista.com/forecasts/1437521/number-of-users-robo-advisors-digital-investment-market-united-states
Statista Market Insights. (2024). Number of users in the robo-advisors segment of the fintech market United States from 2018 to 2028 (in million individuals). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/forecasts/1437521/number-of-users-robo-advisors-digital-investment-market-united-states
Statista Market Insights. "Number of Users in The Robo-advisors Segment of The Fintech Market United States from 2018 to 2028 (in Million Individuals)." Statista, Statista Inc., 22 Jan 2024, https://www.statista.com/forecasts/1437521/number-of-users-robo-advisors-digital-investment-market-united-states
Statista Market Insights, Number of users in the robo-advisors segment of the fintech market United States from 2018 to 2028 (in million individuals) Statista, https://www.statista.com/forecasts/1437521/number-of-users-robo-advisors-digital-investment-market-united-states (last visited November 05, 2024)
Number of users in the robo-advisors segment of the fintech market United States from 2018 to 2028 (in million individuals) [Graph], Statista Market Insights, January 22, 2024. [Online]. Available: https://www.statista.com/forecasts/1437521/number-of-users-robo-advisors-digital-investment-market-united-states
