Source: Insider Intelligence | eMarketer, July 2023 - October 2023
Note: ages 18+; individuals with an active investment account managed by an algorithm-based investment service where, following initial setup, funds in the account are allocated automatically and without human input based upon preset preferences defined by the user
Additional Note: Examples of prominent robo-advising services include Betterment, Nutmeg, and Wealthsimple.
Methodology: Estimates are based on the analysis of survey and web traffic data from research firms and regulatory agencies, historical trends, and country-specific demographic and socioeconomic factors.