The Europe Robo Advisory Market would witness market growth of 29.3% CAGR during the forecast period (2022-2028).
Robo advisors deliver personal financial advice in contrast to "generic financial assistance". Personal financial advice is tailored to the client's unique financial situation and financial objectives and is delivered with the client's interests in mind. When delivering broad financial advice, the advisor does not address the client's specific circumstances or goals, nor does one evaluate how the advice may affect the client personally.
According to the law, the phrase "financial advisor" refers to any entity that provides advice regarding various types of securities. The majority of robo-advisor services, on the other hand, are restricted to the provision of portfolio management, and they do not address concerns such as estate planning, retirement planning, or cash-flow management, all of which fall under the purview of financial planning.
These firms also go by the names "automated investment adviser," "automated investment management," "online investment advisor," and "digital investment advisor." These are all designations for the same type of financial technology. Robo-advisors are digital platforms that offer automated and algorithm-driven financial planning services with little to no human oversight.
Technology can cut costs, boost efficiency, and provide financial services to the most vulnerable groups. The current wave of digital innovation is impacting institutions, which will be favorable for both society and businesses. The United Kingdom has long been considered a leader in the financial services industry. The fast adoption of fintech in the United Kingdom and other nations has been propelled by a winning combination of expanding technical demand, reasonable regulation, user participation in financial services, and the industry's response to the financial crisis.
The Germany market dominated the Europe Robo Advisory Market by Country in 2021; thereby, achieving a market value of $1.6 billion by 2028. The UK market is exhibiting a CAGR of 28.2% during (2022 - 2028). Additionally, The France market would experience a CAGR of 30.3% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Robo Advisory Market will Hit $24 Billion by 2028, at a CAGR of 29.9%
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
Market Segments Covered in the Report:
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Robo Advisory Market, by Provider
1.4.2 Europe Robo Advisory Market, by End User
1.4.3 Europe Robo Advisory Market, by Service Type
1.4.4 Europe Robo Advisory Market, by Type
1.4.5 Europe Robo Advisory Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Europe Robo Advisory Market by Provider
3.1 Europe Fintech Robo Advisors Market by Country
3.2 Europe Banks Market by Country
3.3 Europe Traditional Wealth Managers Market by Country
3.4 Europe Others Market by Country
Chapter 4. Europe Robo Advisory Market by End User
4.1 Europe High Net Worth Individuals Market by Country
4.2 Europe Retail Investor Market by Country
Chapter 5. Europe Robo Advisory Market by Service Type
5.1 Europe Direct Plan-based/Goal-based Market by Country
5.2 Europe Comprehensive Wealth Advisory Market by Country
Chapter 6. Europe Robo Advisory Market by Type
6.1 Europe Hybrid Robo Advisors Market by Country
6.2 Europe Pure Robo Advisors Market by Country
Chapter 7. Europe Robo Advisory Market by Country
7.1 Germany Robo Advisory Market
7.1.1 Germany Robo Advisory Market by Provider
7.1.2 Germany Robo Advisory Market by End User
7.1.3 Germany Robo Advisory Market by Service Type
7.1.4 Germany Robo Advisory Market by Type
7.2 UK Robo Advisory Market
7.2.1 UK Robo Advisory Market by Provider
7.2.2 UK Robo Advisory Market by End User
7.2.3 UK Robo Advisory Market by Service Type
7.2.4 UK Robo Advisory Market by Type
7.3 France Robo Advisory Market
7.3.1 France Robo Advisory Market by Provider
7.3.2 France Robo Advisory Market by End User
7.3.3 France Robo Advisory Market by Service Type
7.3.4 France Robo Advisory Market by Type
7.4 Russia Robo Advisory Market
7.4.1 Russia Robo Advisory Market by Provider
7.4.2 Russia Robo Advisory Market by End User
7.4.3 Russia Robo Advisory Market by Service Type
7.4.4 Russia Robo Advisory Market by Type
7.5 Spain Robo Advisory Market
7.5.1 Spain Robo Advisory Market by Provider
7.5.2 Spain Robo Advisory Market by End User
7.5.3 Spain Robo Advisory Market by Service Type
7.5.4 Spain Robo Advisory Market by Type
7.6 Italy Robo Advisory Market
7.6.1 Italy Robo Advisory Market by Provider
7.6.2 Italy Robo Advisory Market by End User
7.6.3 Italy Robo Advisory Market by Service Type
7.6.4 Italy Robo Advisory Market by Type
7.7 Rest of Europe Robo Advisory Market
7.7.1 Rest of Europe Robo Advisory Market by Provider
7.7.2 Rest of Europe Robo Advisory Market by End User
7.7.3 Rest of Europe Robo Advisory Market by Service Type
7.7.4 Rest of Europe Robo Advisory Market by Type
Chapter 8. Company Profiles
8.1 Wealthify Limited (Aviva plc)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations, and Agreements:
8.2 The Charles Schwab Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.3 Betterment LLC
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Partnerships, Collaborations, and Agreements:
8.4 Fincite GmbH
8.4.1 Company Overview
8.5 Wealthfront Corporation
8.5.1 Company Overview
8.6 The Vanguard Group, Inc.
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Partnerships, Collaborations, and Agreements:
8.7 Ellevest, Inc.
8.7.1 Company Overview
8.8 Ginmon Vermögensverwaltung GmbH
8.8.1 Company Overview
8.9 SigFig Wealth Management, LLC
8.9.1 Company Overview
8.10. Social Finance
8.10.1 Company Overview
TABLE 1 Europe Robo Advisory Market, 2018 - 2021, USD Million
TABLE 2 Europe Robo Advisory Market, 2022 - 2028, USD Million
TABLE 3 Europe Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 4 Europe Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 5 Europe Fintech Robo Advisors Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Fintech Robo Advisors Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Banks Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Banks Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Traditional Wealth Managers Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Traditional Wealth Managers Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 14 Europe Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 15 Europe High Net Worth Individuals Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe High Net Worth Individuals Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Retail Investor Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Retail Investor Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 20 Europe Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 21 Europe Direct Plan-based/Goal-based Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Direct Plan-based/Goal-based Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Comprehensive Wealth Advisory Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Comprehensive Wealth Advisory Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 26 Europe Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 27 Europe Hybrid Robo Advisors Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Hybrid Robo Advisors Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Pure Robo Advisors Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Pure Robo Advisors Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Robo Advisory Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Robo Advisory Market by Country, 2022 - 2028, USD Million
TABLE 33 Germany Robo Advisory Market, 2018 - 2021, USD Million
TABLE 34 Germany Robo Advisory Market, 2022 - 2028, USD Million
TABLE 35 Germany Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 36 Germany Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 37 Germany Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 38 Germany Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 39 Germany Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 40 Germany Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 41 Germany Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 42 Germany Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 43 UK Robo Advisory Market, 2018 - 2021, USD Million
TABLE 44 UK Robo Advisory Market, 2022 - 2028, USD Million
TABLE 45 UK Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 46 UK Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 47 UK Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 48 UK Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 49 UK Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 50 UK Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 51 UK Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 52 UK Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 53 France Robo Advisory Market, 2018 - 2021, USD Million
TABLE 54 France Robo Advisory Market, 2022 - 2028, USD Million
TABLE 55 France Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 56 France Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 57 France Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 58 France Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 59 France Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 60 France Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 61 France Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 62 France Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 63 Russia Robo Advisory Market, 2018 - 2021, USD Million
TABLE 64 Russia Robo Advisory Market, 2022 - 2028, USD Million
TABLE 65 Russia Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 66 Russia Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 67 Russia Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 68 Russia Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 69 Russia Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 70 Russia Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 71 Russia Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 72 Russia Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 73 Spain Robo Advisory Market, 2018 - 2021, USD Million
TABLE 74 Spain Robo Advisory Market, 2022 - 2028, USD Million
TABLE 75 Spain Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 76 Spain Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 77 Spain Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 78 Spain Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 79 Spain Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 80 Spain Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 81 Spain Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 82 Spain Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 83 Italy Robo Advisory Market, 2018 - 2021, USD Million
TABLE 84 Italy Robo Advisory Market, 2022 - 2028, USD Million
TABLE 85 Italy Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 86 Italy Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 87 Italy Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 88 Italy Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 89 Italy Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 90 Italy Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 91 Italy Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 92 Italy Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 93 Rest of Europe Robo Advisory Market, 2018 - 2021, USD Million
TABLE 94 Rest of Europe Robo Advisory Market, 2022 - 2028, USD Million
TABLE 95 Rest of Europe Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 96 Rest of Europe Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 97 Rest of Europe Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 98 Rest of Europe Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 99 Rest of Europe Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 100 Rest of Europe Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 101 Rest of Europe Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 102 Rest of Europe Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 103 Key Information – Wealthify Limited
TABLE 104 Key Information – The Charles Schwab Corporation
TABLE 105 Key Information – Betterment LLC
TABLE 106 Key Information – Fincite GmbH
TABLE 107 Key Information – Wealthfront Corporation
TABLE 108 Key Information – The Vanguard Group, Inc.
TABLE 109 Key Information – Ellevest, Inc.
TABLE 110 Key Information – Ginmon Vermögensverwaltung GmbH
TABLE 111 Key Information – SigFig Wealth Management LLC
TABLE 112 Key Information – Social Finance
List of Figures
FIG 1 Methodology for the research