Market Trends of North America Financial Advisory Services Industry
The Use of Robot Advisory Services is Growing in North America.
North America has one of the biggest market shares for robot-advisors worldwide. The robot-advisory market has grown rapidly due to the high adoption trends of technology in the North American investment industry. Around two-thirds of emerging wealthy and high-net-worth investors in North America prefer hybrid financial advisory services over human-only or robot-only services.
Additionally, the North American players are being pressured to introduce technologically cutting-edge robot-advisory services to the market by a strong emphasis on research and development in the developed economies of the US and Canada. For example, in the US, Revolut launched a robo-advisor in July 2023. In comparison to traditional businesses, this new feature offers a more seamless and economical investing experience by automating the management of investment portfolios on behalf of customers.
Financial Investment is the leading Financial Advisory Service using in USA
Companies that require expertise in accounting, finance, insurance, and other aspects of finance hire a business financial consultant. Individual clients use the services of financial consultants to manage their investments, property holdings, and long-term financial plans. Clients include a specific plan or concept they want an independent opinion about in a business financial consulting arrangement. The role of the consultant is to review the proposed plan and identify strengths and weaknesses. They are also expected to advise on risk management, pending government regulations, industry trends, and long-term viability. Financial Investment is the major service occupying one-third of the advisory market. Source:
