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The future of digital financial advice

Subscribe to Financial Services 12/15/2016 Jarrad Roeder
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The future of digital financial advice

The world of financial advice is undergoing a sea change, as advances in analytics and machine learning are contributing to the rise of so-called “robo advisors.” Indeed, the market for digital financial advice could reach a whopping $489 billion in assets under management by 2020—an increase of 2,500% from 2015.1

Against this backdrop, the Center for Financial Planning Board engaged Heidrick & Struggles to conduct a scenario-planning project to create a five-year outlook for digital financial advice. Working in conjunction with the CFP Board’s Digital Advice Working Group, we identified four scenarios that, taken together, can help financial planning professionals better prepare for an increasingly uncertain future. 

The future of digital financial advice

For the full report, Future of Digital Financial Advice, click the download link above.

About the authors

Matthew Acconciamessa is an alumnus of Heidrick & Struggles' Philadelphia office.

Jared Roeder ( is a principal in the Philadelphia office and a member of the Leadership Consulting Practice.

1 See Cerulli Associates, Retail Direct Firms and Digital Advice Providers 2015: Addressing Millennials, the Mass Market, and Robo Advice, November 4, 2015.

Jarrad Roeder Principal +1 (610) 234-4117

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