Study on comparing Japan with the United States and the future growth of Robo-Advisers

Abstract

In the United States, the face-to-face financial adviser was hard to entry, and non-face-to-face and low-cost asset management business model called Robo-Advisers was developed for investors other than wealthy people.
Meanwhile, in Japan, investment counseling was conducted free of charge at financial institutions, and the service of Robo-Advisers is mainly targeting 20s to 40s who don't have time to go to financial institutions, but because the investment amount is small, the service growth is moderate.