The Huge World-Wide Market Potential for Digital Wealth

By FintechNews HK via

The Case for Robo-Advisory and Digital Wealth

An April 2017 Burnmark report explored the tie-up between digital wealth and robo-advisory within the FinTech industry.

With retail investors demanding for more complex asset classes and investments and increased transparency and control over investments, traditional wealth management firms, more wealth manage firms are joining the digital space and as a result, introducing automated wealth management tools called robo-advisors. Robo-advisory is also growing rapidly especially in exchange-traded fund platforms, said the Burnmark report.

Huge market potential for digital wealth

A record figure of assets is being transferred inter-generationally from the baby boomers to the current generation. Over the next 30 to 40 years, an additional an additional US$30 trillion in financial and non-financial assets will pass from boomers to their heirs in North America alone. The millennial generation, with 80 million investors, is now the largest generational client base of digital wealth management in the US, said the report.

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