The North America Robo Advisory Market would witness market growth of 29.2% CAGR during the forecast period (2022-2028).
Investment management robo-advice is regarded as a breakthrough in the formerly exclusive wealth management services since it makes the services accessible to a wider audience at a cheaper cost in comparison to conventional human assistance. Robo-advisors estimate the client's risk tolerance by gathering information about the client's current financial status. The client's risk choices and intended target return are taken into account when the robo-advisor decides how to distribute the client's assets.
Although robo-advisors are capable of investing client assets in a wide variety of financial instruments, including stocks, bonds, futures, commodities, and real estate, the advice they provide most commonly focuses on exchange-traded funds (ETFs). The client has the option of selecting a product that either employs passive asset allocation strategies or active asset management philosophies.
A robo-advisor is a "self-guided online wealth management service that employs portfolio management algorithms to deliver automated investment advice at cheap prices and low account minimums." This definition describes robo-advisors as "a self-guided online wealth management service." Certain types of automated financial advisers do incorporate some human oversight and interaction.
Increasing investment in blockchain technology in North America. In recent years, several blockchain development projects have been initiated in the United States, accelerating the market's growth. In addition, this region is home to a significant number of small and medium-sized technology-based firms. In addition, great progress has been made in the integration of public vital services with BaaS solutions, which is anticipated to create new growth prospects for the robo advisory over the next few years. BaaS is a cloud-based architecture that assists enterprises in developing and operating blockchain applications.
The US market dominated the North America Robo Advisory Market by Country in 2021; thereby, achieving a market value of $6.3 billion by 2028. The Canada market is experiencing a CAGR of 32.2% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 31% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Robo Advisory Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Robo Advisory Market, by Provider
1.4.2 North America Robo Advisory Market, by End User
1.4.3 North America Robo Advisory Market, by Service Type
1.4.4 North America Robo Advisory Market, by Type
1.4.5 North America 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. North America Robo Advisory Market by Provider
3.1 North America Fintech Robo Advisors Market by Country
3.2 North America Banks Market by Country
3.3 North America Traditional Wealth Managers Market by Country
3.4 North America Others Market by Country
Chapter 4. North America Robo Advisory Market by End User
4.1 North America High Net Worth Individuals Market by Country
4.2 North America Retail Investor Market by Country
Chapter 5. North America Robo Advisory Market by Service Type
5.1 North America Direct Plan-based/Goal-based Market by Country
5.2 North America Comprehensive Wealth Advisory Market by Country
Chapter 6. North America Robo Advisory Market by Type
6.1 North America Hybrid Robo Advisors Market by Country
6.2 North America Pure Robo Advisors Market by Country
Chapter 7. North America Robo Advisory Market by Country
7.1 US Robo Advisory Market
7.1.1 US Robo Advisory Market by Provider
7.1.2 US Robo Advisory Market by End User
7.1.3 US Robo Advisory Market by Service Type
7.1.4 US Robo Advisory Market by Type
7.2 Canada Robo Advisory Market
7.2.1 Canada Robo Advisory Market by Provider
7.2.2 Canada Robo Advisory Market by End User
7.2.3 Canada Robo Advisory Market by Service Type
7.2.4 Canada Robo Advisory Market by Type
7.3 Mexico Robo Advisory Market
7.3.1 Mexico Robo Advisory Market by Provider
7.3.2 Mexico Robo Advisory Market by End User
7.3.3 Mexico Robo Advisory Market by Service Type
7.3.4 Mexico Robo Advisory Market by Type
7.4 Rest of North America Robo Advisory Market
7.4.1 Rest of North America Robo Advisory Market by Provider
7.4.2 Rest of North America Robo Advisory Market by End User
7.4.3 Rest of North America Robo Advisory Market by Service Type
7.4.4 Rest of North America 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 North America Robo Advisory Market, 2018 - 2021, USD Million
TABLE 2 North America Robo Advisory Market, 2022 - 2028, USD Million
TABLE 3 North America Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 4 North America Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 5 North America Fintech Robo Advisors Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Fintech Robo Advisors Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Banks Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Banks Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Traditional Wealth Managers Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Traditional Wealth Managers Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 14 North America Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 15 North America High Net Worth Individuals Market by Country, 2018 - 2021, USD Million
TABLE 16 North America High Net Worth Individuals Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Retail Investor Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Retail Investor Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 20 North America Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 21 North America Direct Plan-based/Goal-based Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Direct Plan-based/Goal-based Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Comprehensive Wealth Advisory Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Comprehensive Wealth Advisory Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 26 North America Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 27 North America Hybrid Robo Advisors Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Hybrid Robo Advisors Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Pure Robo Advisors Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Pure Robo Advisors Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Robo Advisory Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Robo Advisory Market by Country, 2022 - 2028, USD Million
TABLE 33 US Robo Advisory Market, 2018 - 2021, USD Million
TABLE 34 US Robo Advisory Market, 2022 - 2028, USD Million
TABLE 35 US Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 36 US Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 37 US Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 38 US Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 39 US Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 40 US Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 41 US Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 42 US Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 43 Canada Robo Advisory Market, 2018 - 2021, USD Million
TABLE 44 Canada Robo Advisory Market, 2022 - 2028, USD Million
TABLE 45 Canada Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 46 Canada Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 47 Canada Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 48 Canada Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 49 Canada Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 50 Canada Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 51 Canada Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 52 Canada Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 53 Mexico Robo Advisory Market, 2018 - 2021, USD Million
TABLE 54 Mexico Robo Advisory Market, 2022 - 2028, USD Million
TABLE 55 Mexico Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 56 Mexico Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 57 Mexico Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 58 Mexico Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 59 Mexico Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 60 Mexico Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 61 Mexico Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 62 Mexico Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 63 Rest of North America Robo Advisory Market, 2018 - 2021, USD Million
TABLE 64 Rest of North America Robo Advisory Market, 2022 - 2028, USD Million
TABLE 65 Rest of North America Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 66 Rest of North America Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 67 Rest of North America Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 68 Rest of North America Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 69 Rest of North America Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 70 Rest of North America Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 71 Rest of North America Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 72 Rest of North America Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 73 Key Information – Wealthify Limited
TABLE 74 Key Information – The Charles Schwab Corporation
TABLE 75 Key Information – Betterment LLC
TABLE 76 Key Information – Fincite GmbH
TABLE 77 Key Information – Wealthfront Corporation
TABLE 78 Key Information – The Vanguard Group, Inc.
TABLE 79 Key Information – Ellevest, Inc.
TABLE 80 Key Information – Ginmon Vermögensverwaltung GmbH
TABLE 81 Key Information – SigFig Wealth Management LLC
TABLE 82 Key Information – Social Finance
List of Figures
FIG 1 Methodology for the research