Wealthfront und Betterment 700 Millionen wert sein sollen?
Compare the valuation of 700 millon of Wealthfront and the 700 million of competitor Betterment with numbers and valuation of Foliodynamix from Actua
Robo-advisor Wealthfront is now using AI to manage over $3 billion in assets
By Melody Hahm March 31, 2016 4:57 PM
Robo-advisors have more than $50 billion in assets under management. And the industry saw more than 200% growth in 2015, according to Aite Group.
On Thursday, online automated investment advisor Wealthfront announced a complete redesign to its interface. The biggest change: It will begin incorporating artificial intelligence into its financial services
This week Wealthfront competitor Betterment secured $100 million (and $205 million total) in new funding that boosted its valuation to $700 million. Wealthfront is also valued at $700 million and has raised $129 million to date.
Despite the upward momentum, big banks like Citigroup are skeptical about just how disruptive robo-advisors will be.
"We see the advent of robo-advice as an example of automation improving the productivity of traditional investment advisors, and not a situation where there is significant risk of job substitution. Higher net worth or more sophisticated investors will, in our view, always demand face-to-face advice,” wrote Citi analysts wrote in a recent report.
FolioDynamix had $4.4 billion in assets under management and $559 billion in assets under Administration on its enterprise platform as of the end of September 2015, according to information from the firm. In addition, the firm had $13.5 million in assets under management on its packaged TAMP platform, which it calls FDx Advisors VisX.
According to Money Management Institute and Dover Financial Research data, FolioDynamix had about $28.5 billion in sponsored investment advisory assets and another $67.1 billion in non-sponsored Investment advisory assets in the third quarter of 2015. While that makes FolioDynamix one of the largest third-party
advisory vendors in the industry, the firm’s share of the market is still behind the industry leader, Envestnet, which had $73.2 billion in sponsored advisory assets and $191.3 billion in non-sponsored advisory assets at that time, according to MMI data.
Source: FundFire - FolioDynamix Hires New Prez, Aiming to Accelerate Growth...
Source: Fundfire - a Financial Times service
Two interesting trends are taking place in the asset management sector which could reshape the industry in the coming years. One is consumers’ voracious appetite for all things digital, which has seen groups rushing to bring out apps and online services which meet the expectations of their tech-savvy customers. The other is happening at the product level, where demand for low cost, liquid and transparent investment vehicles is continuing to rise.
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