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Summary
This document, from a BofA Merrill Lynch report, presents survey data on the future of robo-advisor platforms. A majority of investors (51%) believe robo-advisor assets will surpass $1 trillion in the next 3-5 years, and they expect passive asset managers (40%) and large broker firms (28%) to be the primary beneficiaries of this trend. A low and transparent cost structure is seen as the main driver for the success of robo-advisors.
Organizations (2)
| Name | Type | Context |
|---|---|---|
| BofA Merrill Lynch | ||
| Bank of America Merrill Lynch |
Timeline (1 events)
2016 Future of Financials Conference
Key Quotes (2)
"Based on our polling questions, investors believe that the main beneficiaries of the robo advisor trend will be the passive asset managers (40%), followed by the large broker firms adding robo technology (28%) and the online brokers that have scalable robo platforms (21%)."Source
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Quote #1
"They also believe that the main driver of success for robo advisors will be a low and transparent cost structure (44%), followed by an efficient technology and user interface (25%)."Source
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Quote #2
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