The investment market comprises all establishments engaged in managing various investment related activities such as securities underwriting, stock brokerage and wealth management service. The investment industry is categorized on the basis of the business model of the firms present in the industry. Some firms might come under multiple categories. The investment market in this report is segmented into Wealth Management, Securities Brokerages & Stock Exchanges and investment banking.
The demand for automated or robo advice is growing rapidly in wealth management services. Automated advice is an online wealth management service which provides automated or algorithmic investment advice without any human intervention. This is becoming popular mainly because robo advisors are relatively cheap, compared to traditional wealth management services. Though robo advice is not entirely new, it is recently gaining traction amongst users. According consulting firm Corporate Insight, total assets managed by the 11 leading robo advisors in the US rose 65% during 2014, and registered assets under management (AUM) reached $19 billion.