Global Robo-Advisor Benchmarking 2017 – Mostly a One-trick Pony
This 169-page report identifies 31 leading pure and hybrid robo-advisors worldwide and subjects their offerings, digital platforms and market positioning to rigorous empirical assessment. It analyzes in detail the strengths and weaknesses of each robo-advisor according to more than 50 criteria under the following headline topics: client onboarding, financial planning, portfolio management, client coaching, client engagement & retention, and best practices. Of the global sample of robo-advisors, 13 are from the US, Canada and Brazil, 15 are from eight European countries, and three are from the Asia-Pacific region and Africa (see below for a complete list).
This report offers a detailed and comprehensive look at leading robo-advisors and automated investment services worldwide and derives highly valuable learning points. It analyzes what is necessary to succeed as a robo-advisor and how traditional financial services firms can react to the ever-growing robo-advisor challenge. In addition, this report includes profiles of seven B2B providers, 20 best practices showing the robos’ most interesting features for all functional areas, and in-depth insights on the market’s trends and developments from the interviews MyPrivateBanking’s analysts conducted with robo-advisors and industry experts.
Banks, robo-advisors, wealth and fund managers, IT vendors and consultants will find answers to the following questions:
Which are the best robo-advisors and what features make them outstanding?
How does each robo-advisor perform overall and specifically for their onboarding, financial planning, portfolio management, client coaching and client retention and engagement?
What are the key facts of the robo platforms (fees, minimum investments, target markets, services, etc.)?
Which are the best practices for onboarding, financial planning, portfolio management, client coaching and client retention and engagement?
How do robo-advisors design and execute client assessment processes?
How detailed are the portfolio recommendations and how well are these presented?
How well do the robo-advisors explain their investment methodology and philosophy?
What knowledge content do the robo-advisors offer and how high is the quality of this content in terms of focus, updates and presentation?
How user friendly is the website and how cutting edge is the overall digital deployment?
How well do available mobile apps and mobile-responsive websites support client onboarding, portfolio reporting, fund transfer, and individualized messaging?
Which robo-advisors offer personal consultations and through which channels?
Do the robo-advisors offer reward schemes or special discounts?
Which are the most interesting B2B players? Which financial institutions are already partnering with them?
How aligned is the suggested portfolio with the investors’ acceptable level of risk?
Which challenges do robo-advisors face with respect to future technology deployment and regulation?
Through which features and processes can robo-advisors improve their platforms?
What can traditional financial services firms learn from the leading robo-advisors? How can they take advantage of opportunities posed by the robo advising model and fend off the threats?
The report provides detailed analysis, data-driven insights and learning points on the 31 leadings robo-advisors worldwide:
Benchmarking and ranking of the 31 globally leading robo-advisors based on 49 (pure robos) and 51 (hybrid robos) detailed criteria.
In-depth evaluations of the onboarding, financial planning, portfolio management, client coaching and client retention and engagement offers from each robo-advisor.
A comprehensive profile for each of the 31 robo-advisors with a detailed analysis of strengths and weaknesses and firm-specific recommendations.
Profiles of seven providers for B2B automated investment solutions.
20 best practices of robo-advisors’ digital strategies/capabilities in areas such as onboarding tools, risk assessment, portfolio simulations, engaging and educational content, client retention and mobile features.
Recommendations on how a winning robo-advisor’s digital strategy should look and how to implement it.
The report includes more than 80 visuals including graphs, screenshots and charts, and it comes with three additional files:
Comprehensive data appendix of 34 pages containing thorough evaluations of each pure robo-advisor according to 49 criteria and each hybrid robo-advisor according to 51 detailed criteria (spreadsheet).
Key information covering 81 robo-advisors worldwide, including key facts such as AuM, fees and services (if available), which served as a long list for the selection of the 31 robo-advisors that were evaluated in-depth in our benchmarking (spreadsheet).
Key Insights Deck. An easy-to-understand seven slide presentation that summarizes key findings for quick sharing.
Americas: Betterment, BMO SmartFolio, Capital One Investing, Hedgeable, Magnetis, Nest Wealth, Personal Capital, Schwab Intelligent Portfolios, Vanguard, Wahed, Wealthbar, Wealthfront, Wealth Simple.