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Robo-advisors to Become $1.4trn Worth Industry This Year
Investing through online platforms, known as robo-advisors, has become popular over recent years, largely because of their cheaper fees and lower saving entry points compared to conventional alternatives.
Although the global economic slowdown has affected this market, this sector is still forecast for significant growth over the coming years, according to data gathered by LearnBonds.com. Robo-advisors are forecast to become $1.4trn worth industry this year, jumping by 47% year-on-year. By 2023, assets managed by robo-advisors are expected to jump to $2.5trn in value.
Greater Returns for Investors
The robo-advisory market grew out of the 2008 financial crisis as small investors looked for wealth managers who charged lower fees, at a time of historic low interest rates on savings.
US startups Betterment and Wealthfront were among the first to step into this gap a decade ago. They offer algorithm-driven financial planning services with little to no human supervision.
A typical robo-advisor collects financial information from clients through an online survey and uses the data to offer advice and automatically invest. They usually charge low fees, around 0.25 per cent a year, and require small opening balances, from as little as $10. Traditional wealth advisors charge investors around 3 per cent a year, take a further percentage off profitable investments, and require a deposit of hundreds of dollars.
Over the last ten years, robo-advisors have grown across the US and Europe. In 2017, assets under management in the robo-advisors segment amounted to $240bn, revealed the Statista Robo-advisors Market Outlook. Over the next two years, the market volume quadrupled and jumped to $980.5bn value.
Despite such a significant rise over the last couple of years, the industry is still expected to grow at a compound annual growth rate of 21% by 2023.
The Number of Users to Triple and Hit 147 Million by 2023
Critics say the lack of personal support to clients and limitations on more complex investment products are a mark against robo-advisors.
However, tech-savvy investors have been drawn to this market. In 2017, there were 13.1 million users with assets managed by robo-advisors. This number has jumped five times to 70.5 million this year, demonstrating 54% year-on-year growth.
The statistics indicate that the number of investors using robo-advisor financial planning services will hit 147 million by 2023, eleven times more than the 2017 figures.
The US Hold 75% of Global Robo-advisory Market
The US was the first country to introduce the automated financial advisors, and represent the leading robo-advisory industry in the world. Some of the largest players on the market across the globe are Betterment, Wealthfront, Personal Capital, Nutmeg, FutureAdvisor, and The Vanguard Group.
The entire US robo-advisory industry is expected to hit a $1trn value this year, with hybrid robo-advisors as the largest and the fastest-growing segment.
Hybrid robo-advisors offer an automated investment platform with access to expert human advice from financial advisors. This new trend grew out of customer`s demand for a more tailored solution for the complex investments.
With $700bn less than the US market, China ranked as the second-largest robo-advisory industry in the world. The UK is forecast to hit $24bn market value this year, while Germany ranked in fourth place with $13bn worth assets in the robo-advisors segment. Canada is the fifth-largest robo-advisory market in the world expected to reach $8bn value this year.
Read the full story here: https://learnbonds.com/news/robo-advisors-to-become-1.4trn-worth-industry-this-year/
MOBILE GAMING TAKES CENTER STAGE WITH LG AND ESL
Aligned with the rising trend of mobile games and esports, LG recently announced that it is the Official Smartphone for Season 3 of the ESL Mobile Open, a first of its kind mobile esports league.
Over 324,000 players across North America took part in the qualifications in Season 2 alone this year speaking to the growing importance of mobile gaming. The fierce competition continued with Season 3 to showcase the top players in Asphalt 9: Legends, PUBG Mobile and Clash of Clans.
During the live broadcast of the ESL Mobile Open playoffs, the hosts introduced the key features and benefits of the LG G8XThinQ and LG Dual Screen, highlighting some of the most innovative uses.
Finalists armed with LG smartphones competed in the ESL Mobile Open Season 3 finals at DreamHack Atlanta on November 15. The LG G8XThinQ with LG Dual Screen were featured during live broadcasts in the Hardware Highlight segment that showcased key features of the phone that make it the perfect gaming companion.
With an identical 6.4-inch detachable OLED display, the newest flagship with optional second screen is the ideal device for mobile gamers who take the concept of “mobile” seriously.
Having two screens means enhanced visibility for an optimal mobile gaming experience.
Users see a full, unobstructed view of the game on one display while controlling the action via the LG Game Pad on the other display. No longer do players have to put up with their thumbs blocking the action! Players can select from one of the 4 provider game controllers for racing, action and, of course, sports. For those looking for an extra edge, players can even build their own game controller based on their style of play and preference.
The LG Dual Screen is designed with a 360° Freestop Hinge that allows users to position the second display at any angle. Set it to 135° like a laptop, 180° for a flat tablet-like experience or 300° to enjoy a video in tent-mode.
Other innovations such as an ambient light sensor to brighten the dark and shadowy areas in games help players navigate their way out of any difficult situation.
Continuing LG’s legacy of providing industry-best smartphone audio, LG G8XThinQ boasts two balanced 1.2W stereo speakers to deliver spatial audio for heightened immersion. With the large-capacity 4,000mAh battery, users won’t have to worry about interrupting their game play to plug in.
'FUTURE AND THE ARTS: AI, ROBOTICS, CITIES, LIFE - HOW HUMANITY WILL LIVE TOMORROW'
Advances in technology over the past few years are now starting to have a significant impact on various aspects of our lives. It is said that not too far in the future, human beings will be entrusting many of their decisions to AI (artificial intelligence) which will then supersede human intelligence; the advent of “singularity” will potentially usher in enormous changes to our society and lifestyles.
Another development, that of blockchain technology, looks set to build new levels of trust and value into our social systems, while advances in biotechnology will have a major impact on food, medicine, and the environment. It is also possible that one day, we humans will be able to extend our physical functions, and enjoy longer life spans. The effect of such changes may not be necessarily and universally positive, yet surely we need to at least acquire a vision of what life may look like in the next 20-30 years, and ponder the possibilities of that new world. Doing so will also spark fundamental questions about the nature of affluence and of being human, and what constitutes life.
Future and the Arts: AI, Robotics, Cities, Life - How Humanity Will Live Tomorrow, consisted of five sections: i.e. “New Possibilities of Cities;” “Toward Neo-Metabolism Architecture;” “Lifestyle and Design Innovations;” “Human Augmentation and Its Ethical Issues;” and “Society and Humans in Transformation,” will showcase over 100 projects/works.
The exhibition will aim to encourage us to contemplate cities, environmental issues, human lifestyles and the likely state of human beings as well as human society - all in the imminent future, via cutting-edge developments in science and technology including AI, biotechnology, robotics, and AR (augmented reality), plus art, design, and architecture influenced by all these.
What Is True Affluence, What Is It to Be Human, What Is Life?
2019.11.19 [Tue] - 2020.3.29 [Sun]
Mori Art Museum - Tokyo
Hyperstealth Biotechnology's "invisibility cloak" can conceal people and buildings
Canadian camouflage company Hyperstealth Biotechnology has patented the technology behind a material that bends light to make people and objects near invisible to the naked eye.
The material, called Quantum Stealth, is currently still in the prototyping stage, but was developed by the company's CEO Guy Cramer primarily for military purposes, to conceal agents and equipment such as tanks and jets in the field.
As well as making objects close to invisible to the naked eye, the material also conceals them from infrared and ultraviolet imagers.
Unlike traditional camouflage materials, which are limited to specific conditions such as forests or deserts, according to Cramer this "invisibility cloak" works in any environment or season, at any time of day.
This is made possible through something called a lenticular lens – a corrugated sheet in which each ridge is made up of a convex – or outward-curving – lens.
These are most commonly found in 3D bookmarks or collectable football cards but in this case, they are left clear rather than being printed on.
When multiple of these lenticular sheets with different lens distributions are layered in just the right way, they are able to refract light at a myriad different angles to create "dead spots".
Light is no longer able to pass through these points, hiding the subject behind them from view while the background remains unchanged.
"It bends light like a glass of water does when a spoon or straw inside it looks bent," Cramer told Dezeen. "Except I figured out how to do it with a much smaller volume and thickness of material."