This statistic presents the share of respondents in the United States who thought a human relationship was ideal for a financial advisor, compared to those who thought the process could be automated. In 2018, 61 percent of respondents preferred a human relationship coupled with technology.
Can financial advice be automated, or does it require a human relationship?
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Other statistics that may interest you Investment advisors in the United States
Overview
5
- Premium Statistic Total number of of SEC-registered investment advisors 2000-2022
- Premium Statistic Number of Registered Investment Advisors (RIAs) employed in the U.S. 2012-2022
- Premium Statistic Total AUM of SEC-registered investment advisors 2000-2022
- Premium Statistic Number of SEC-registered advisors 2017-2022, by AUM
- Premium Statistic Ten most common countries by number of SEC-registered investment advisors 2018-2022
Leading firms
3
Robo-advisors
7
- Premium Statistic AUM of robo-advisors in the U.S. 2018-2028
- Premium Statistic Assets under management growth of robo-advisors in the U.S. 2019-2028
- Premium Statistic Average AUM of robo-advisors in the U.S. 2018-2028
- Premium Statistic RoboAdvisor usage (prospective) in the U.S. 2023
- Premium Statistic Investor preference for human or robo-advisor 2021, by country
- Premium Statistic Level of investor trust in robo-advisors 2021, by investor age group
- Premium Statistic Institutional investors perceived impact of AI on investment outcomes 2021
Tools
3
Services
3
Clients
5
- Premium Statistic Number of SEC-registered investment advisors' clients 2017-2022, by type
- Premium Statistic Number of SEC-registered investment advisors' clients 2022, by segment
- Premium Statistic Value of SEC-registered investment advisors' assets 2022, by segment
- Premium Statistic Share of HNWIs as SEC-registered investment advisors' clients 2017-2022
- Premium Statistic HNWI's share of SEC-registered investment advisors' assets 2017-2022
Client-advisor relationship
4
- Premium Statistic Leading trust factors in an investor/financial advisor relationship the 2021
- Premium Statistic The importance of shared values in an investor/advisor relationship 2021, by country
- Premium Statistic Main reason to leave investment advisor/asset managers worldwide 2020-2022
- Premium Statistic Most common inquiries of financial advisors' clients in past six months U.S. 2023
Further related statistics
8
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- Structure of investment portfolio of Allianz Group 2014-2023
- Number of mutual funds worldwide 2011-2014, by country
- Debt instruments in fixed income portfolio of Allianz Group 2015-2023
- AstraZeneca's expenditure on research and development 2006-2023
- Net revenue from investing and lending at Goldman Sachs 2009-2021
- Investment funds financial assets value in Turkey 2020-2022, by asset type
- Foreign direct investment projects in African countries between 2003 and 2012
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Statistics
- Leading financial centers in Western Europe 2024
- Structure of investment portfolio of Allianz Group 2014-2023
- Number of mutual funds worldwide 2011-2014, by country
- Debt instruments in fixed income portfolio of Allianz Group 2015-2023
- AstraZeneca's expenditure on research and development 2006-2023
- Net revenue from investing and lending at Goldman Sachs 2009-2021
- Investment funds financial assets value in Turkey 2020-2022, by asset type
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Northwestern Mutual. (August 14, 2018). Can financial advice be automated, or does it require a human relationship? [Graph]. In Statista. Retrieved June 13, 2024, from https://www.statista.com/statistics/946299/human-vs-automated-interaction-for-financial-advice-usa/
Northwestern Mutual. "Can financial advice be automated, or does it require a human relationship?." Chart. August 14, 2018. Statista. Accessed June 13, 2024. https://www.statista.com/statistics/946299/human-vs-automated-interaction-for-financial-advice-usa/
Northwestern Mutual. (2018). Can financial advice be automated, or does it require a human relationship?. Statista. Statista Inc.. Accessed: June 13, 2024. https://www.statista.com/statistics/946299/human-vs-automated-interaction-for-financial-advice-usa/
Northwestern Mutual. "Can Financial Advice Be Automated, or Does It Require a Human Relationship?." Statista, Statista Inc., 14 Aug 2018, https://www.statista.com/statistics/946299/human-vs-automated-interaction-for-financial-advice-usa/
Northwestern Mutual, Can financial advice be automated, or does it require a human relationship? Statista, https://www.statista.com/statistics/946299/human-vs-automated-interaction-for-financial-advice-usa/ (last visited June 13, 2024)
Can financial advice be automated, or does it require a human relationship? [Graph], Northwestern Mutual, August 14, 2018. [Online]. Available: https://www.statista.com/statistics/946299/human-vs-automated-interaction-for-financial-advice-usa/