Exclusive for CEOs, Chief Investment Officers, Chief Retail Officers, Heads of Wealth Management and CTOs of Banks and Asset Management Only – Limited Seats
Fintech Robos is pleased to announce the MENA region’s first “Robo Advisor & Goal-Based Investing – Workshop & Demo”.
The event will be taking place on 28 May 2024 at the Hilton Riyadh Hotel, Riyadh, Saudi Arabia.
Fintech Robos, the product of several experts pooling together to revolutionize how savings and pensions are digitally managed, will reveal the power of Robo Advisors & Goal-Based Investing in disrupting the investment market and accelerating a large AuM.
The workshop is designed from product management, distribution and operational points of view for regional financial institutions, to exclusively focus on the feasibility and profitability of launching Robo Advisor & Goal-Based Investing propositions in local markets.
The workshop will cover four sessions as follows:
– Savings, Investments & Changing Money Habits – Lessons for Retail Management
– In Today’s Digital Life, How Can Banks and Wealth Managers Lure the Mass Affluents?
– Product Design & Experience – and What Could Possibly Go Wrong
– Demo of Full Robo Advisor Solution & Customer Journeys
Watch this space for announcing speakers soon.
In the last 7 years (before the advent of cryptocurrency), one of the most talked-about areas of fintech has been Robo Advisors. They have shaken up the world of wealth management and banking, and were seen as the fatal disruptor of this industry.
The influx of start-ups into this space has prompted almost every established player to formulate its own Robo strategy, whether by building the capability in-house, or by partnering.
A recent survey found that a massive 89% of financial advisers feel traditional advice is under threat from its automated equivalent. Meanwhile, nearly half of US customers are open to ditching human expertise in favour of Robo Advisers.
The cost to set up and operate a wealth or investment Robo Adviser is roughly 10 times lower than a traditional wealth management institution, threatening incumbent large financial advisory firms. Today, it’s estimated that globally there are around 200 Robo Advisers, operating largely in developed markets, with an AuM that’s approaching US$ 2 trillion.
Robo Advisers’ AuM is expected to show an annual growth rate (CAGR 2022-2026) of 14.99% resulting in a projected total amount of US$3,130,452m by 2026. The number of Robo Advisers’ clients is expected to amount to 507.181m users by 2026. The average AuM per user in the Robo-Advisors segment is expected to amount to US$5,141 in 2022.
50% of world’s Robo Advisers are in the US which also accounts for more than 60% of global Robo Advisers’ AuM.