Swanest Personalizes Robot Advisor By Using Algorithms Rather Than Models
#Swanest lets investors and advisors personalize a portfolio by #using #algorithms #rather #than model portfolios.
Financial Technology
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SigFig Robo Advisor Works With Individuals, Banks And Advisors
#SigFig finds direct investors are a good way to learn what #works on its site and what needs improving, while working through #banks is the way to reach large numbers of people while delivering an experience the banks might not be able to create themselves.
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PFM App Tally Adds Robo Advisor Functionality
The future of mobile banking is having everything on a single app. #Fintech companies like Credit Karma, Betterment, Acorns have repeatedly echoed that sentiment of striving to be a one-stop-shop for all financial matters of their customers. Following in those footsteps is debt-management app #Tally, which launched a roboadvisor feature yesterday and raised $ 25 million […]
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BI CEO Spotlight: Jon Stein, CEO of Online Financial Advisor Betterment
EXCLUSIVE – Roboadvisors are common knowledge in the #financial world nowadays. But eight years ago, that wasn’t the case. Just ask Jon #Stein, founder and CEO of the first roboadvisor, #Betterment. A graduate from Harvard University and Columbia Business School, Stein came up with the idea of automated investing on a digital platform as a freshman […]
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Billion-Dollar Broker Workstation Vs. $5,000 DIY Financial Advisor MacBook Platform
With a personal computer and a selection of apps an individual #financial #advisor has the tools once available from major brokerages.
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Yodlee Demoes Hybrid, Chat-Based Advisor [Video]
The real disruption in financial services won’t be about software or data itself; it will be about data analytics and intelligence. That’s the upshot from Anil Arora, CEO of Envestnet #Yodlee. “It’s about what you are doing with your data, not what kind of data or software you have,” he said at the DataDisrupt conference […]
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The Role Of The New Advisor In The Digital Financial World
#Robo-advisors, wealth management algorithms typically offered at low costs and with little human interaction, are gaining stream. Globally, wealth managers were responsible for US$ 74 trillion in assets under management (AUM) in 2014. BI Intelligence predicts that robo-advisors will manage around 10% of total global AUM by 2020. This equates to around US$ 8 trillion in robo-advisors AUM.
Opportunities
Robo-advisors are a class of #financial adviser that provides financial advice or portfolio management online with minimal human interaction. Much of the focus has been on portfolio management and most of these platform use algorithms such as Modern portfolio theory.
Today, popular platforms include US-based Wealthfront and Betterment, UK-based Nutmeg, Australian Stockspot, German Vaamo, among others. In Switzerland we have Truewealth, Glarner KB, Swissquote and some new platforms which are going live soon.
A research conducted by BI Intelligence found that consumers across all classes are receptive to robo-advisors, including the wealthy. 49% of this group would consider investing some of their assets using a robo-#advisor.
With robo-advisory on the rise, the wealth management industry is undergoing significant disruption.
According to Deloitte, robo-advisors hold some distinct advantages and are disrupting the industry in the following ways:
– The lower fees have broadened the market for advice to include the majority chunk of untapped wealth. More mass-market consumers can now afford advice.
&8211; Robo-advisory is more appealing to the new generation of wealth, which seeks more control, who is digitally savvy, and demands greater availability.
&8211; With large wealth management firms investing heavily in big data and advanced analytics, robo-advisory can become even more personalized and specific over time.
&8211; Many wealth management firms have already begun incorporating robo-advice capabilities within their existing advisory offerings to create hybrid models.
&8211; #Technology has lowered barriers to entry for new firms to break into wealth management. This has brought new levels of competition and innovation to the industry.
Hybrid human-robo advisors
After the strong growth of the robo-advisory approach in recent years, promoted by numerous startups worldwide as well as a sizeable number of early adopting wealth managers, a new “sub-species” has emerged: the hybrid human-robo advisor.
According to MyPrivateBanking’s report &8220;Hybrid Robos: how combining human and automated wealth advice delivers superior results and gains market share,&8221; these platforms combine computerized recommendations with on-demand advice from a human being.
They use technology to standardize and cut costs on the information-gathering side of the job.
The report found that pure robo-advisors (completely automated without personal service added on) have seen their growth slowing down as the market matures. Notably, Betterment&8217;s growth rate for AUM has remained at the same place it was a year ago.
This is due to clients “starting to realize that what they’re getting from many providers is little more than a passive portfolio that they can easily build on their own without the robo middleman,” the report says.
MyPrivateBanking estimates that hybrid robo-advisors will grow to a size of US$ 3,700 billion assets worldwide by 2020. By 2025, the total market size will further increase to US$ 16,300 billion. This number constitutes just over 10% of the total investable wealth in 2025. By comparison, pure robo-advisors will have a market share of 1.6% of the total global wealth at that stage.
&8220;Hybrid robo solutions are a dynamic and also unstable new phase in the wealth management industry&8217;s transformation,&8221; the report says. &8220;We expect 2016 to be a year of significant developments.&8221;
So far, notable hybrid robo-advisors include Vanguard, Personal Capital, Rebalance IRA and AssetBuilder.
Featured image: Robot and human touching forefingers by Pixelbliss, via Shutterstock.com.The post The Role Of The New Advisor In The Digital Financial World appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
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Ripple CEO Calls for Next President to Appoint FinTech Advisor
#Ripple CEO Chris Larson argues the #next US #President should #appoint a ‘#FinTech‘ #advisor to look into #blockchain #technology.
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Ripple CEO Calls for Next President to Appoint FinTech Advisor
#Ripple CEO Chris Larson argues the #next US #President should #appoint a ‘#FinTech‘ #advisor to look into #blockchain #technology.
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Deutscher Robo Advisor Ginmon erhält Millionen-Finanzierung für Wachstumskurs
Mit dem siebenstelligen Betrag aus der erfolgreich abgeschlossenen Finanzierungsrunde will der Frankfurter #Robo #Advisor seinen internationalen #Wachstumskurs fortsetzen. Zu den grössten Investoren zählt der Londoner Venture Capital Fonds Passion Capital.
In einer vierfach überzeichneten Finanzierungsrunde hat der Londoner Venture Capital Fonds, Passion Capital, den Lead übernommen. „Uns hat das unglaublich ambitionierte Team und das starke Wachstum von Ginmon überzeugt. Wir freuen uns auf die Zusammenarbeit und das gemeinsame Verfolgen der großartigen Vision“, sagt Stefan Glänzer, Partner bei Passion Capital.
Lars Reiner
„Mit dem eingesammelten Kapital soll in erster Linie die eigens entwickelte Technologieplattform weiter ausgebaut werden und die internationale Expansion vorangetrieben werden“, erklärt Gründer und Geschäftsführer Lars Reiner, der #Ginmon zu einem weltweit tätigen Robo Advisor ausbauen will. Passion Capital ist Londons führender Frühphasen-Investor in Fintechs und hat seit Gründung in 2011 in über 50 Firmen in Europa investiert. Ginmon ist Passion’s erstes #Fintech Investment außerhalb Großbritanniens.
Die erfolgreich abgeschlossene Finanzierungsrunde stellt einen weiteren Meilenstein in der bisherigen Unternehmensgeschichte dar. Nach der erhaltenen Auszeichnung des BankingCheck Awards zum „Besten Robo Advisor des Jahres 2016“ erhielt Ginmon im Mai dieses Jahres den Frankfurter Gründerpreises #für das besonders innovative Geschäftsmodell. Um die führende Position zu halten, konzentriert sich Ginmon nun verstärkt auf die langfristige Strategie und baut hierfür das Team weiter aus:
„Neben Softwareentwicklern werden wir auch in den Bereichen Marketing und Produktentwicklung verstärkt Personal einstellen. Aber auch Praktika und Plätze für Werkstudenten bieten wir an“, ergänzt Reiner, der selbst an der Goethe-Universität Frankfurt studiert hat und nach wie vor den Kontakt zu Hochschulen pflegt.
Der Name Ginmon ist japanisch und bedeutet übersetzt „Silbernes Tor“ – ein Sinnbild für Wohlstand und Unabhängigkeit. Das Frankfurter Fintech-Unternehmen ermöglicht es privaten Anlegern in ein durch modernste Portfoliotechnologie verwaltetes ETF-Portfolio zu investieren.
Die eigens entwickelte Technologie basiert auf den Nobelpreis-gekrönten Erkenntnissen des US-amerikanischen Portfoliotheoretikers Prof. Fama. Da das Portfoliomanagement vollautomatisiert ist, entfallen für den Anleger die hohen Kosten eines Vermögensverwalters. Ginmon bietet Privatanlegern damit eine Dienstleistung, die zuvor nur sehr vermögenden und institutionellen Kunden vorenthalten war. Die Depotführung bei der BaFin-regulierten Partnerbank DAB Bank aus München bietet dem Anleger dabei einen höchsten Grad an Sicherheit.
Ginmon bietet auch Sparpläne ab 50,- Euro an. Kindersparpläne für den Nachwuchs hat der Robo Advisor ebenfalls im Programm.
The post Deutscher Robo Advisor Ginmon erhält Millionen-Finanzierung für Wachstumskurs appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
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