Nice facts, question is how the growth is split among start-ups versus incumbents that have launched a ROBO based platform such as Vanguard, etc.
According to new data from Corporate Insight, online financial advisors increased their total assets under management by 11 percent in the first six months of 2015 to a total of $21 billion, even as markets remained relatively flat. Assets are up 34 percent since July 2014. Some of the apparent slowdown can be attributed to a loss of assets on which clients receive paid investment advice but don’t give discretionary control. These assets dipped from $13.9 billion to $13 billion in the last months, but have increased 8.7 percent year-over-year. But assets that clients give robos discretionary control over increased 57 percent over the last six months, and 116.2 percent year-over-year, to $8 billion.