By 2025, investment investment advisors will manage 10% of the global investment portfolio.

Sources: asks.ru

The financial advisory market, like many other areas, is experiencing the increasing influence of IT. It turns out that the notorious automation of business processes is applicable here. The Swiss company MyPrivateBanking Research conducted a financial consulting market research. Analysts have found that automated development of investment strategies ( robo-advising ) is becoming more common.

By 2025, the share of assets controlled by computers will increase to 1.6%. Over the past year, the volume of such assets increased from $ 19 billion to $ 43 billion.
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Even faster, according to analysts, a hybrid form of counseling will develop when people complement the recommendations of computers. The volume of assets managed by such investment strategies could rise to $ 16.3 trillion over the same period (approximately 10% of the global investment portfolio).

Services based on robo-advising are being developed by the largest British banks - Barclays , Royal Bank of Scotland , Lloyds and Santander UK .

The main advantage of such services in its pure form is the ability to provide low-cost consulting services to a large number of clients.

Their main drawback is manifested when users misconceive the work of automated services and make erroneous conclusions from their “tips”.

Therefore, hybrid counseling may be preferable, notes Peter Tyler of the British Banking Association. The financial market can become unstable if many players have the same strategy.

However, new types of counseling are under pressure from regulators, and lower fees can increase the competitiveness of computer consultants. Moreover, some investment companies and banks, such as Credit Suisse, have computers already writing reports and summaries instead of people. Technology robo-advising can greatly affect the work of asset managers.

“I do not think that [consulting consultants] will replace the management of private capital in the coming years. But a significant proportion of wealthy clients will use hybrid counseling in some form, and many managers will have to adapt to this, ” lead “ Vedomosti ”, words of MyPrivateBanking analyst Francis Groves, citing Financial Times.

“Robo-advising can be an invaluable solution for many retail investors for whom these services were too expensive,” says Lee Goggin, co-founder of Find A Wealth Manager .

One or another investment asset management scheme prompted by a computer can work for individual groups of investors with a similar strategy and small capital.

But large and independent investors should not hope that the service will be a full-fledged adviser for them, warns Goggin.