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ARTICLE · 03 MAY 2018

Online Advisors: Stand-Alone Investment Managers Or Tools For Portfolio Managers?

McCarthy Tétrault
McCarthy Tétrault
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McCarthy Tétrault

McCarthy Tétrault

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Online advisors are on the rise. Several well-known institutes predict that by 2020, they will manage between US$2.2 trillion to US$3.7 trillion in assets.

CanadaTechnology
SnIP/ITs Blog
SnIP/ITs Blog
Sean Sadler
Sean Sadler
Shauvik Shah
Shauvik Shah
Andrea Kareclas
Andrea Kareclas
Paulina Bogdanova
Paulina Bogdanova
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Online advisors are on the rise. Several well-known institutes predict that by 2020, they will manage between US$2.2 trillion to US$3.7 trillion in assets. Thanks to their relatively low cost and easy online accessibility, online advisors are seen to be closing the so-called "advice-gap" by appealing to millennials (ages 18-34) – the same group that is largely disconnected to traditional investment advisors but who are expected to control more than half of U.S. retail assets within the next 15 years1.

Online advisors are becoming increasingly popular and are transforming the wealth management industry. However, while there has been much discussion about the threat posed by online advisors to traditional industry participants, the trend being witnessed is that online advisors are acting in a complementary manner to traditional investment management platforms. Indeed, the current regulatory framework for online advisors in Canada suggests that online advisors remain

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