The latest research from Corporate Insight on the emerging online advisory space shows notable growth.
Eleven leading startups in the "fintech" space now have about $15.7 billion in assets under management, up from $11.5 billion in April — more than a 35 percent increase in just a few months.
Grant Easterbrook, Corporate Insight's analyst who tracks the start-up corner of the financial world, concedes that while the overall AUM represents only a drop in the bucket, the trend suggests growing consumer demand for low-cost, tech oriented financial services, especially from younger investors.
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