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May 9, 2016
Can Robot Advisors Succeed in the GCC?
This new breed of investment advisory services currently has close to $100 Bn of Assets under Management (AUMs) in the US market which has a size of close to $30 Tn. At its current adoption rate, Deloitte predicts that robo-advisory services could be managing $5Tn - $7Tn by 2025. Big brands like Charles Schwab, Morgan Stanley, Bank of America Merrill Lynch etc. have jumped in the race to offer such services to their clients which is expected to largely increase...