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Deloitte Research Shows Challenges Robo-Advisors Face

Deloitte Research Shows Challenges Robo-Advisors Face

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FintechNews RoundupUSA
··1 min read

Deloitte recently released a report called Driving innovation in investment management report estimates that invest-tech platforms; many of these platforms have grown their user base by going after younger demographics; the problem is that this leads to higher acquisition costs alongside low revenue; Deloitte’s research estimates that these companies may have to wait five to ten years just to break even with a customer; subsequently funding for these platforms dropped in 2019 after reaching $2.8 billion in 2018; it seems that some of these companies are looking to diversify into other products such as savings accounts in order to seek out additional revenue streams. Finextra

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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