KPMG explores the current robo advising market and how it’s expected to grow, what it means for banks and brokerages, and key business and operating model questions. It forecasts that $2.2 trillion in client assets will be managed by digital wealth platforms by 2020.
KPMG's proprietary research of 1500 bank clients reveals overall customer awareness of available alternatives in the robo investing space remains relatively low. Moreover, investors have strong interest in their banks providing digital portfolio advice.
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