Europe Robo Advisory Market

Europe Robo Advisory Market Size, Share & Industry Trends Analysis Report By Provider, By End User (High Net Worth Individuals and Retail Investor), By Service Type, By Type, By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-12083 Publication Date: October-2022 Number of Pages: 80
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Market Report Description

The Europe Robo Advisory Market would witness market growth of 29.3% CAGR during the forecast period (2022-2028).

Robo advisors deliver personal financial advice in contrast to "generic financial assistance". Personal financial advice is tailored to the client's unique financial situation and financial objectives and is delivered with the client's interests in mind. When delivering broad financial advice, the advisor does not address the client's specific circumstances or goals, nor does one evaluate how the advice may affect the client personally.

According to the law, the phrase "financial advisor" refers to any entity that provides advice regarding various types of securities. The majority of robo-advisor services, on the other hand, are restricted to the provision of portfolio management, and they do not address concerns such as estate planning, retirement planning, or cash-flow management, all of which fall under the purview of financial planning.

These firms also go by the names "automated investment adviser," "automated investment management," "online investment advisor," and "digital investment advisor." These are all designations for the same type of financial technology. Robo-advisors are digital platforms that offer automated and algorithm-driven financial planning services with little to no human oversight.

Technology can cut costs, boost efficiency, and provide financial services to the most vulnerable groups. The current wave of digital innovation is impacting institutions, which will be favorable for both society and businesses. The United Kingdom has long been considered a leader in the financial services industry. The fast adoption of fintech in the United Kingdom and other nations has been propelled by a winning combination of expanding technical demand, reasonable regulation, user participation in financial services, and the industry's response to the financial crisis.

The Germany market dominated the Europe Robo Advisory Market by Country in 2021; thereby, achieving a market value of $1.6 billion by 2028. The UK market is exhibiting a CAGR of 28.2% during (2022 - 2028). Additionally, The France market would experience a CAGR of 30.3% during (2022 - 2028).

Based on Provider, the market is segmented into Fintech Robo Advisors, Banks, Traditional Wealth Managers and Others. Based on End User, the market is segmented into High Net Worth Individuals and Retail Investor. Based on Service Type, the market is segmented into Direct Plan-based/Goal-based and Comprehensive Wealth Advisory. Based on Type, the market is segmented into Hybrid Robo Advisors and Pure Robo Advisors. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global Robo Advisory Market will Hit $24 Billion by 2028, at a CAGR of 29.9%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wealthify Limited (Aviva plc), The Charles Schwab Corporation, Betterment LLC, Fincite GmbH, Wealthfront Corporation, The Vanguard Group, Inc., Ellevest, Inc., Ginmon Vermögensverwaltung GmbH, SigFig Wealth Management, LLC and Social Finance.

Scope of the Study

Market Segments Covered in the Report:

By Provider

  • Fintech Robo Advisors
  • Banks
  • Traditional Wealth Managers
  • Others

By End User

  • High Net Worth Individuals
  • Retail Investor

By Service Type

  • Direct Plan-based/Goal-based
  • Comprehensive Wealth Advisory

By Type

  • Hybrid Robo Advisors
  • Pure Robo Advisors

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Key Market Players

List of Companies Profiled in the Report:

  • Wealthify Limited (Aviva plc)
  • The Charles Schwab Corporation
  • Betterment LLC
  • Fincite GmbH
  • Wealthfront Corporation
  • The Vanguard Group, Inc.
  • Ellevest, Inc.
  • Ginmon Vermögensverwaltung GmbH
  • SigFig Wealth Management, LLC
  • Social Finance
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