Robo-Advisors - South Africa
South Africa- Assets under management in the Robo-Advisors market are projected to reach US$2.63bn in 2024.
- Assets under management are expected to show an annual growth rate (CAGR 2024-2029) of 8.14% resulting in a projected total amount of US$3.89bn by 2029.
- In the Robo-Advisors market, the number of users is expected to amount to 113.000k users by 2029.
- The average assets under management per user in the Robo-Advisors market is expected to amount to US$26.6k in 2024.
- From a global comparison perspective it is shown that the highest assets under management is reached United States (US$1.46tn in 2024).
- Key regions:
- Asia,
- Canada,
- Hong Kong,
- Singapore,
- Germany
The Robo-Advisors segment contains private asset management providers who offer automated online portfolios in which private investors can choose investment volumes depending on their scope and private appetite for risk. Providers such as Wealthfront, Schwab Intelligent Portfolios and Betterment allow private and/or institutional investors to invest their money (starting at very small amounts) in pre-existing portfolios, which are automatically managed by individually configured algorithms. 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. Such automated investment services also allow for attractive returns with low starting capital and without specific investment know-how, which is in contrast to classic investments offered by traditional banks. In the Robo-Advisors segment, financial figures show the assets under management of automated online portfolios.
Online brokers without automated and recommendation-based advisory functions are not included in this segment.
In-Scope
- Automated online portfolio management of private assets
Out-Of-Scope
- Traditional online brokers
- Human wealth manager advisory
