FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Robo-Advising on the Rise Among Full-Service Millennials

Diana AsatryanbyDiana Asatryan
April 11, 2017
in Banking
Reading Time: 1 min read
0
Share on Facebook

One fourth of full-service millennial investors have either tried, or are actively using, a robo-advisory platform, according to a new study by J.D. Power.

The study suggests that millennials have now accumulated enough wealth to be in the “sweet spot” for engaging a wealth manager. Digital advisory is also popular among Xennials–those born between 1978 and 1983– with 19% of them using a robo.

 

In addition, about 28% of millennials rate their satisfaction with the robo-advisor experience higher than their rating for their full service firm, according to the study.

Full service firms will increasingly need to complement high touch with high tech to stay relevant.There is also an increasing number of full-service investors who use a secondary self-directed platform.  As those platforms continue to provide more resources for investor education and guidance, FAs who are not providing a differentiated value proposition may find they will lose client share of wallet to more digital or self-service channels.

J.D. Power surveyed more than 6,500 advised investors between Jan. 3 and Jan. 28, 2017. More information is available here.

Tags: J.D. Powermillennialsroborobo advisorsWealth Management
Previous Post

8 Best New Financial Apps 2017

Next Post

Survey: What Are Your API Priorities?

Related Posts

The Office of the Comptroller of the Currency in Washington, D.C. Photographer: Al Drago/Bloomberg
Banking

Banks on the hook for agents’ actions, OCC says

November 10, 2026
(Courtesy/FinAi News)
Banking

Nearly 85% of TD’s 2026 patents involve AI

November 9, 2026
Banco Santander office on Passeig de Gracia in Barcelona
Banking

Moving to smaller models reduced Santander’s costs by more than 95%

November 9, 2026
Next Post

Survey: What Are Your API Priorities?

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

The Next Generation of Cyberthreats: Powered by AI

October 1, 2026

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account