Emerging Players in Digital Wealth Management: Competing for the Everyman Investor
Report Summary
Emerging Players in Digital Wealth Management: Competing for the Everyman Investor
Cloud-based services render the time ripe for digital wealth management.
Boston, February 27, 2014 – A new breed of online wealth management firm has emerged in the United States: Cloud-based services allow startups, established firms, and technology providers to deliver financial-advisor-caliber services via Web, phone, and mobile channels. These firms' business models differ, but all share a focus on breaking down barriers inherent in the traditional wealth management model, particularly by lowering costs or giving investors greater access to advice, products, and information. This entrepreneurial activity will open the wealth management market to any investor—and any wealth management firm. Between incumbents' resources and startups' focus, passion, and speed, who will win the everyman investor?
This report discusses the emerging digital wealth management marketplace and profiles 18 promising digital wealth management providers and enablers: Balance Financial, Betterment, Blueleaf, Covestor, Edelman Online, eMoney Advisor, eSavant Capital Management, Financial Guard, FlexScore, Future Advisor, Jemstep, LearnVest, Motif Investing, Oranj, Personal Capital, SigFig, Wealth Access, and Wealthfront.
This 48-page Impact Report contains 18 figures and five tables. Clients of Aite Group's Wealth Management service can download this report.