The Robo Advisors in the world of 2020
See why EngineeringRobo is the smarter choice for managing your money
There are now over 250 robo-advisors available in the world, and even more of them are launching every year. All of them provide a different combination of investment management, and overall financial strategies.
Most Robo-advisors are online wealth management firms that take your money and help you put it into low-cost Exchange-Traded Funds (ETFs). When you first sign-up with them, you are generally required to answer a series of questions that are designed to generate your financial profile and categorize you based on your risk tolerance. A portfolio that matches your needs is then created and your funds are invested.
Nearly 60% of US consumers expect to use a robo-advisor by 2025, according to research from Charles Schwab. Additionally, 60% of current robo-advisor users are millennials, who are expected to have $20 trillion of assets globally by 2030, per CB Insights. As that wealth grows, more money will likely flow into digital wealth managers, especially as they often offer such services at a cheaper price than incumbent wealth managers.
Unlike others, You have full authority on your investment with EngineeringRobo. We strongly believe that your money is yours. Only you have access to your funds – securely held at the exchange of your choice, we do not have any access to your money.
Wealthfront
Founded in founded in 2011, Wealthfront is among the fastest growing and well-documented company. With $20 billion in client assets under management, the company is the largest and fastest developing automated investment service on the planet. The firm manages more than 280,000 accounts.
Betterment
Betterment is the largest and fastest-growing automated investing service that helps people to better protect, manage, and grow their wealth. A 12-year old “robo-adviser” wealth manager, Currently, Betterment has $18 billion in assets under management and over 400,000 clients.
Discover best opportunities to maximize your profit with EngineeringRobo
Here’s some additional context for these comparisons. Both Amazon and Apple are worth much more than the entire GDP of Turkey ( $851B ). And here’s the most interesting thing—even as Amazon has amassed such an enormous value ( $1.3 T ), Jeff Bezos has personally received the equivalent of 10% (or $125B ). Add Apple and Amazon together, and you’d have a conglomerate worth more than the entire value of USD in circulation ( $1.5T ).
The numbers are updated in 2020.
Asset Under Management - AUM
According to a new market research report " Algorithmic Trading Market by Trading Type ( FOREX, Stock Markets, ETF, Bonds, and Cryptocurrencies) " the global Algorithmic Trading Market size is expected to grow from USD 15.1 billion in 2019 to USD 28.8 billion by 2024.
The impact of fees on your investment portfolio
Example, you are a 30-year-old investor. You have $50,000 in mutual funds that charge 2 per cent a year (the average management expense ratio in America).
The fund manager makes a seven per cent return on the market and it costs two per cent to gain that return. This means investors will end up with five per cent. If you calculate gains with a seven per cent return and a five per cent return over 50 years – the investment lifetime – This individual can end up with about $1.8 million using EngineeringRobo or $1.07 million in a traditional mutual fund portfolio. That $700,000-plus gain could be the difference between reaching your retirement goals and falling short of your expectations. To see just how important fees can be, consider an investor with only $50,000. EngineeringRobo members would pay a low fixed fee, A typical mutual fund charges 2.0%. What would you do with the extra money?All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.
