Robo-Advisory: Where do Incumbents Stand?
Robo-advisory is one segment of the FinTECH universe which has introduced considerable innovation into the traditional wealth management industry. As this field matures and activity intensifies, several incumbents are now entering the fray and exploring several avenues to associate their business lines with this technological solution. There are, chiefly, three approaches being adopted by traditional institutions: (1) partnerships and collaborations, (2) mergers, acquisitions, and investment, (3) and independent robo-advisers.
In the following is a snapshot of these tripartite events, split into the above three heads.