Millionaires are turning to 'robo advisors' - but only in some parts of the world
But it turns out that, at least among millionaires, robo-advisors are most popular outside the US and Europe, according to the annual Capgemini and RBC Wealth Management World Wealth Report.
Asked whether they would consider letting a robo-advisor manage some portion of their wealth, high-net-worth individuals, (defined as people with investable assets of $1 million or more) tended to say yes in Latin America and Asia-Pacific, excluding Japan.
Meanwhile, the concept was less popular for millionaires in North America, Europe, and Japan.
The report also asked wealth managers about the growing popularity of robo-advisors. They didn't seem as keen on the idea as their clients did.
Check it out:
- 2 states where home prices are falling because there are too many houses and not enough buyers
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market