DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Robo Advice In Australia - Revolution or Evolution?Including: Robo Advice, Automated Financial Planning, Financial Advice, Brokerage, Fund Platforms" report to their offering.
The Australian robo market is at a very early stage of development, with the leading robo advisors being only a couple of years' old, and frequent launches of new robo offerings. The influence of the US is clear, with many of the Australian startups closely resembling US pioneers Wealthfront and Betterment in both their offering and their marketing messages.
However, in two regards the Australian market is quite different from the US and more aligned to the UK; there is more caution in regard to whether the client is suited to risky' investments, stemming from tighter regulatory scrutiny, and the savings market in Australia is heavily skewed towards pensions and investment property. In this chapter we explore both of these factors, and pick out some noteworthy features (both of specific Australian robos, and of the regulatory approach) that are of interest from a global perspective. The robo advice market is set for explosive growth, and we at Ignition House are excited to be the go-to authority tracking its development commented Janette Weir, one of the report's authors.
The Australian savings market is comparatively small, at around $3 trillion versus Europe at $30 trillion and North America at $40 trillion. It nonetheless incorporates the fourth largest pool of pensions assets in the world, as since the 1992 Superannuation Guarantee Act, contributions to pension schemes have been both compulsory and, up to certain limits, highly tax efficient. This makes Australia a high potential market for automated financial investment.
Key Topics Covered:
1. Executive Summary
2. What is robo advice?
3. Emerging Business Models
4. What will the winners look like?
5 Size and Growth of the Global market
6 Country Profile: Australia
7 Appendix: US Company Profiles
8 Appendix: Australian Company Profiles
- Decimal Software
- Ignition Wealth
- Quiet Growth
For more information about this report visit http://www.researchandmarkets.com/research/pn2vxq/robo_advice_in