U.S. Digital Investment Management Market Monitor, Q4 2019

U.S. digital investment AUM reached a total of US$283 billion at the end of Q3 2019.

Boston, December 4, 2019 – Direct-to-consumer digital investment assets under management reached US$283 billion at the end of Q3 2019, a 10% increase from the end of 2018. This relatively modest increase obscures this marketplace’s potential to expand now that a few massive financial institutions have entered with solutions. Many firms tracked have shifted their strategies, thus accelerating the dynamism of this space and it’s impact on the wealth management industry.

This report is the second in a biannual report series on the digital investment space, and it offers market-sizing estimates and forecasts. By contextualizing the latest events in the market, tracking new entrants and exits, and speaking to multiple digital investment firms, our aim is to understand where the market is currently and where it is heading. This report is based on Securities and Exchange Commission Form ADV data, direct reports from firms, interviews, or media reports.

This 21-page Impact Report contains four figures and four tables. Clients of Aite Group’s Wealth Management service can download this report, the corresponding charts, and the Executive Impact Deck.

This report mentions Acorns, Advisor Group, Ally, Alpha Architect, Apex Clearing, AssetBuilder, Axos Bank, Belvedere Advisors, Betterment, Bicycle, BlackRock, blooom, Capital One, Charles Schwab, Citizens Bank, Dimensional Fund Advisors, Ellevest, Empower Retirement, E-Trade, Fidelity Investments, Fifth Third Bank, Goldman Sachs, Hedgeable, HedgeCoVest, Interactive Brokers, J.P. Morgan, John Hancock, Merrill Lynch, Morgan Stanley, Northern Trust, Pacific Life, Personal Capital, Principal, Qplum, RBC, Rebalance, Refinitiv, SheCapital, SigFig, Smart Asset, SoFi, Stash, Swell, T. Rowe Price, TD Ameritrade, TIAA, UBS, UMB Bank, United Income, US Bancorp, Vanguard, Voya, Wealthfront, Wealthsimple, Wells Fargo, Whitney Bank, WiseBanyan, and Woodbury Financial Services.

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