By 2025, investment advisory robots will manage 10% of the global investment portfolio

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    Sources: asks.ru

    The financial consulting market, like many other areas, is experiencing an increasing influence of IT. It turns out that the notorious automation of business processes is applicable here. The Swiss company MyPrivateBanking Research conducted a study of the financial advisory market. Analysts have found that the automated development of investment strategies ( robo-advising ) is becoming more widespread.

    By 2025, the share of computer-controlled assets will rise to 1.6%. Over the past year, the volume of such assets has increased from $ 19 billion to $ 43 billion.

    Even faster, according to analysts, a hybrid form of counseling will develop when people supplement computer recommendations. The volume of assets under the management of such investment strategies can grow to $ 16.3 trillion over the same period (approximately 10% of the global investment portfolio).

    Services based on robo-advising are developed by the largest British banks - Barclays , Royal Bank of Scotland , Lloyds and Santander UK .

    The main advantage of such services in its pure form is the ability to provide low-cost consulting services to a large number of customers.

    Their main drawback is manifested when users misconceive the work of automated services and draw erroneous conclusions from their “tips”.

    Therefore, hybrid counseling may be preferable, says Peter Tyler of the British Banking Association. The financial market can become unstable if many players have the same strategy.

    However, new types of consulting are under pressure from regulators, and lower commissions can increase the competitiveness of computer consultants. Moreover, at some investment companies and banks, for example Credit Suisse, computers already write reports and summaries instead of people. Robo-advising technology can greatly affect the work of asset managers.

    “I do not believe that [consultant robots] will replace private capital management in the coming years. But a large proportion of wealthy clients will use some form of hybrid consulting, and many managers have to adapt to this " lead " Vedomosti "According to the analyst MyPrivateBanking Francis Groves with reference to the Financial Times.

    “Robo-advising can be an invaluable solution for many retail investors for whom these services were too expensive,” said Lee Goggin, co-founder of Find A Wealth Manager .

    This or that investment asset management scheme, which the computer prompts, can work for certain groups of investors with a similar strategy and small capital.

    But large and independent investors should not hope that the service will be a full-fledged adviser for them, warns Goggin.

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