Assets managed by robo-advisers are set to reach $5.9trn (£4.6trn) by 2027, according to latest market predictions from PwC.
The audit giant's 2023 Global Asset & Wealth Management Survey - published today (10 July) - noted robo-advice was gaining momentum "at speed". Using historical Statista data, PwC has forecasted that the amount of assets being managed by robo-advisers in 2027 will be more than double the $2.5trn figure recorded last year. The survey said the technology and artificial intelligence (AI) developments, including robo-advice, represented "an inflection moment for wealth and asset management". Source: PwC Making time for tech PwC noted in the survey that "adoption has been s...
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