Robo-advisory in Asia/Pacific Set to Cross US$500 billion in Assets Under Management (AUM) by 2021, IDC Reports

November 8, 2017 | IDC Financial Insights | In the News
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Singapore, November 9, 2017

IDC Financial Insights believes the hybrid advice model (traditional and robo-advisory) will be the winning strategy to dominate in the market.

SINGAPORE, November 09th, 2017 – IDC Financial Insights has released its first perspective on robo-advisory titled Robo-Advisory: Changing the Face of Wealth in Asia/Pacific , which highlights the state of robo-advisory in seven hot markets in Asia/Pacific. China, Singapore, Australia, South Korea, Hong Kong, India, and Taiwan lead the way, with combined total assets under management (AUM) estimate on robo-advisory to reach US$500 billion by 2021.

IDC Financial Insights defines robo-advisory. also known as automated or digital advice, as a set of automated systems that rely on algorithms to construct, manage, optimize, and rebalance wealth and asset management portfolios. In its purest form, the entire process of robo-advisory is completed without human intervention from start to finish.

Michael Araneta, Associate VP, IDC Financial Insights, says, "The growing adoption of digital platforms by customers has created a huge opportunity for robo-advisors. The combination of digital gadgets, innovative analytics, and advanced algorithm-based engines has enabled new ways to interact with tech-savvy customers and meet their investment requirements. The automation of advice enables risk assessment and portfolio construction for each investor, regardless of the investor's portfolio size."

Read More at IDC Financial Insights