More than half of D2C platform and robo-advice bosses believe assets in the UK DIY investing space will rocket by more than £100bn in the next five years, according to Boring Money.
The firm's research, which canvassed 17 D2C platform and robo-advice CEOs and directors, found 10 of them (59%) expected growth in the UK space to grow by more than £100bn, while one-third (36%) believed the sector would see more modest growth of between £40bn and £100bn. The market currently sits at about £209bn, while the robo-advice sector alone manages just £2.3bn, with Nutmeg holding around half of those assets. Boring Money itself expects the UK DIY digital wealth market to grow by £170bn over the next five years. Looking beyond the UK market and at the DIY investing European...
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