Robo-advisory Services to touch $450 Billion by 2020

Technology disruption is transforming the world of finance. You can do your banking activities online and able us the mobile applications of various banks for desired banking services. Of late, the advisory businesses are booming due to the digital transformation.
Robo-advisory is an automated investment advice platform to assist consumers over financial planning. The advent of robo- advisory services is helping you make a smarter decision in regard to investment. The machines are taking over humans in managerial and advisory services. This phenomenon has made the job of financial planner and consultants.
 Investment is a complex thing and you need to get advice from experts to gain. The algorithm-based investment counseling would be safe for you as tech-enabled machines are taking the decision based on your input.
You need to submit your personal financial details including income, taxes, financial goals and investment to robo-advisory services. These services will prepare a portfolio of investment options for you.  Tech-enabled robo-advisory services are efficient to enough take care of the three dimensions of wealth management: financial planning, execution, and tracking. 
According to Statista, Assets under Management in the Robo-Advisors segment amounts to US$980,541m in 2019. Assets under management are expected to show an annual growth rate (CAGR 2019-2023) of 27.0% resulting in the total amount of US$2,552,265m by 2023. Globally will be about $450 billion by 2020, as per the European Banking Authority.

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