Robo Advisor Industry Statistics

In the following post, we will explore key statistics and trends in the robo-advisor industry, shedding light on the significant growth and impact of automated financial advisory services globally. From the substantial increase in assets under management to the changing preferences of investors, these statistics provide valuable insights into the evolving landscape of robo-advisors across different regions.

Statistic 1

"Globally, robo-advisors will manage around $2.5 trillion in 2023, up from $330 billion in 2017."

Statistic 2

"The US is expected to have the biggest robo-advisors market by 2025, with $482 billion AUM."

Statistic 3

"The global robo-advisors market size was valued at $4.51 billion in 2019."

Statistic 4

"It is projected that robo-advisors will have an approximately 68% CAGR from 2016 to 2025."

Statistic 5

"The number of users of robo-advisors in the US is expected to reach 12.3 million by 2023."

Statistic 6

"Europe is expected to grow at a CAGR of over 50% during the period 2019-2025."

Statistic 7

"Wealthfront, a leading robo-advisor, managed over $20 billion in assets as of 2020."

Statistic 8

"Schwab Intelligent Portfolio, another prominent robo-advisor, managed $43.5 billion in 2020."

Statistic 9

"61% of Millennial investors trust a robo-advisor more than human advisors."

Statistic 10

"By 2020, it was estimated that robo-advisors will manage 10% of global AUM."

Statistic 11

"More than half (53%) of robo-advisor users in the US have low-risk tolerance for investment in 2020."

Statistic 12

"The automated financial advisors industry in the United States is projected to increase to $1.26 trillion by 2023."

Statistic 13

"Asian robo-advisory market is forecast to grow at a CAGR of 69.4% during 2019-2025."

Statistic 14

"Betterment, a leading robo-advisor, had $16.4 billion in assets under management in 2020."

Statistic 15

"Over a quarter (27%) of millennials stated that they would prefer using a robo-advisor instead of a human."

Statistic 16

"There were approximately 200 robo-advisor platforms worldwide in 2019."

Statistic 17

"Robo-advisors in Canada are predicted to have over CA$8 billion in assets under management by 2021."

Statistic 18

"In Germany, 37% of investors are using robo-advisors as of 2019."

Statistic 19

"About 20% of investors globally are predicted to enlist the services of a robo-advisor by 2022."

In conclusion, the robo-advisor industry is experiencing rapid growth globally, with significant increases in assets under management (AUM) and user adoption rates. The statistics reveal a clear shift towards automated financial services, with projections pointing towards a substantial increase in market size and user base in the coming years. This trend is further supported by the high levels of trust in robo-advisors exhibited by millennial investors and the growing presence of industry leaders like Wealthfront and Schwab Intelligent Portfolio. The data also highlights regional variations in market growth, with the US and Asia standing out as key players in the industry. With an increasing number of investors turning to robo-advisors for their financial planning needs, the industry is poised for continued expansion and innovation.