A Study on Robo-Advisory Services and Investment Management in Service Sector in India (International Journal of Science Strategic Management and Technology)

Summary

• Primary data for the descriptive research design was gathered from 100 respondents using convenience sampling.p.3
• Portfolio management is the most preferred robo-advisory service, selected by 34% of respondents.p.3
• A total of 67% of respondents strongly agree or agree that robo-advisory services enhance investment choices.p.3
• Data privacy is cited as the primary obstacle to robo-advisory adoption by 30% of respondents.p.4

Key insights

1. Portfolio management is the leading robo-advisory service preference among respondents, representing 34% of total responses.p.4
2. Personalized investment advice is identified as the primary advantage of robo-advisory services.p.4
3. Data privacy represents the single largest obstacle to wider adoption, accounting for 30% of responses.p.4
4. Trust, digital skills, and regulatory requirements constitute secondary adoption barriers.p.4
5. Human financial advisors remain essential for complex tax and estate decisions, promoting hybrid advisory models.p.5