The Research Report [2023-2032] on the Robo-advisory Market was presented in Latin America, addressing Emerging Trends, Market Share, Significant Growth, Segmentation, Comprehensive Analysis, and Future Projections until 2032.
In this research, a thorough analysis of crucial factors driving sales in the global market was conducted.
The report, consisting of 120 pages, provides a detailed assessment of the current state of the industry, covering aspects such as market size, market share, anticipated trends, growth rate, and distribution channels, among others.
The Latin American robo-advisory market is expected to experience a Compound Annual Growth Rate (CAGR) of 53.68%, reaching a value of USD$4.480 billion by 2023.
With the increase in the number of robo-advisors, the Latin American population is becoming more involved in investment activities, expanding their perspective beyond traditional options like savings accounts.
Latin America is emerging as a crucial market due to the proliferation of technology in the region, generating 6% of global revenues in the robo-advisory market in 2017.
This country, crucial for the Latin American fintech industry, presents significant opportunities for wealth management companies, backed by local pension funds and asset management firms.
The Latin American robo-advisory market includes hybrid and pure robo-advisors, with hybrids being dominant. Although it has experienced a recent decline, recovery is expected in the coming years.
As for the types of assets of clients, the market includes high-net-worth individuals, individuals with substantial wealth, pension funds, insurance companies, and sovereign wealth funds. The high-net-worth segment has been the most profitable and fastest-growing.
Key Growth Drivers
Robo-advisors offer a variety of investment products to new investors with access to actively managed funds.
Linguistic cohesion in the market facilitates below-average rates of private wealth accumulation.
Automated investment advisory services are crucial for providing private banking services to high-net-worth individuals in an accessible manner.
Threats and Key Players
Hybrid robo-advisory services increase the efficiency of advisors in terms of the number of clients served per professional.
The growing trend of hybrid solutions in Latin America could negatively impact client expenses in the market.
Key market players: Betterment LLC, Wealthfront, Personal Capital, FutureAdvisor, and Charles Schwab Corporation.