Robo-advice Propositions give an Overview of how the Space is Evolving: Retirement, Pensions and Protection

Posted on 2018-03-30 by Mark Hub in Financial, Industrial // 0 Comments

Albany, US, 2018-Mar-30 — /EPR Network/ — An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Robo-Advice Services in Retirement, Pensions, and Protection” looks at the range of robo-advice propositions currently available, and uses them to give an overview of how space is evolving. It analyzes what types of providers are entering the market, what type of service they offer, and what areas of customer finances they are advising on. The report concludes with key questions providers must ask themselves when developing a robo-advice service, alongside key lessons learned from the case studies.

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Robo-advice generally refers to online platforms that provide automated, algorithm-based financial advice with minimal use of human intervention. The concept originated in the wealth management space for investment portfolio management, but is now expanding into other areas of financial services such as pensions, retirement, and protection insurance. There is a substantial advice gap for which robo-advice solutions represent an opportunity. To develop a robo-advice proposition, players must ask themselves key questions such as what are they trying to help customers achieve, what areas of financial services do they want to advise on, what level of complexity do they want advice to have, and do they want to develop a proposition independently or via a partnership?

Scope

– Robo-advice can help users track and monitor their finances in real-time, create and achieve goals, and recommend the best actions to take or products to buy.
– The easiest model of robo-advice provision is for larger players such as incumbents and banks to partner with smaller companies such as start-ups and technology providers.
– Robo-advice can charge lower fees than traditional human advisors, which will improve access to advice for customers currently underserved, unable, or unwilling to pay for traditional advice from a human.

Reasons to buy

– Develop a strategy to launch a robo-advice service by scoping what area of financial services you want to advise on and understanding the best method for market entry.
– Learn about current robo-advice propositions in retirement, pensions, and protection insurance in order to stay up to date with innovation and remain competitive.

Browse full report with detailed table of content @ https://www.marketresearchhub.com/report/robo-advice-in-retirement-pensions-and-protection-report.html

Table of Content:

Executive Summary
The Robo-Advice Opportunity
Online Wealth Managers
Banks & Incumbents
Start-ups
Advisors & Technology Companies
Conclusion & Recommendations
Appendix

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About Market Research Hub:

Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of financial services industry reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients and customers.

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