About Robo Advisors at Sibos 2016
There was an interesting panel discussion at Sibos 2016 in Geneva with Silvan Schumacher, CEO of Swanest, Michael Mellinghoff foundder of Techfluence, Paolo Sironi author of Fintech Innovation (good read, besides, I am in the middle).
Short summary of main points:
- advantages of robo – real time information on how my portfolio is doing and what I should do next
- what drives money to the fund – absolute performance? No Marketing and User Experience
- what robo changes is putting users portfolios in the center that are allingned with goals of the customer, it’s not about products anymore
- many people leave asset managers not beacouse of poor performance but because of poor service
- greatest contributor to alpha is cost reduciton
- there are currently over 50 robo advisors in Europe, best have 100mio AUM
- there are 150 robo advisors in the world
- 80% of actively managed funds do not beat the benchmark, they should not be in the market
Interestingly, no one was brave enough to give sure anwser how digital asset management would like in 2025. No suprise as things are happening so fast.
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