Trends Report

COVID-19 Will Test Robo-Advisors And Other Fintechs While Accelerating The Digital Transformation Of Wealth Management

March 17th, 2020


Extreme market volatility will validate robo-advisor platforms’ viability based on performance and the ability to dispense financial advice. Social distancing will accelerate digital sales and servicing in wealth management. Robinhood customers will look to other trading platforms that offer better service and reliability in times of volatility. In a bear market, the familiarity and reputation of an investment platform will become a larger factor when selecting an investment account.

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