fintechNEXT: Digital Investment Advice in the Age of COVID-19

Thursday, September 17, 2020 at 11:30AM - 12:00PM

Digital (“robo”) investment advisers have been gaining assets and clients, and maturing as companies and services, since the financial crisis of 2008. COVID-19 and recent market volatility have reinforced and accelerated a number of related trends. Many digital advisers’ investors have viewed the declines as buying opportunities, and the number of digital advisory accounts opened has continued to grow. Hybrid digital/personal offerings continue to draw investors, as do pure digital offerings, and a number of established financial institutions seek to partner with fintech firms to offer digital advice. Importantly, the pre-COVID criticism that digital advisers would not be able to counsel investors to stay the course during a crisis has not held up, as digital advisers reached out to investors with articles about staying the course, and investors largely followed this advice.

In this fintechNEXT webinar, Dan Mercurio, the Head of Strategic Partnerships at digital adviser SigFig, and Dechert partner Mark Perlow discussed trends in and future prospect for digital investment advisory service offerings and businesses.

This presentation was simulcast as a webinar.

Please contact Nikki Bazemore with any queries.