Ranks of new customers are dwindling, jeopardizing US robo-advisors' ability to attract new wealth. This report details how robo-advisors can expand into new products and services to boost customer acquisition and revenues.
Ranks of new customers are dwindling, jeopardizing US robo-advisors' ability to attract new wealth. A way forward for robo-advisors is to expand into new products and services.
3 KEY QUESTIONS THIS REPORT WILL ANSWER
How much will newly opened US robo-advisory account numbers grow through 2025, and what’s driving it?
What challenges and opportunities must US robo-advisors anticipate and address?
How can robo-advisors capture new users?
WHAT’S IN THIS REPORT? A dive into the strategies that innovative robo-advisors can implement to overcome shrinking account holder growth, as well as boost revenues and customer acquisitions.
KEY STAT: Competition for new US robo-advisor account holders will heat up with growth declining 7.8 percentage points this year and plummeting to single digits by 2024.
Here’s what’s in the full report
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Head of Vanguard Digital Advisor and Mass Affluent Advice
Interviewed February 16, 2022
David Goldstone
Backend Benchmarking
Manager, Research and Analytics
Interviewed February 16, 2022
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