A great transfer in wealth from aging baby boomers to younger generations is under way, and it is reshaping the wealth management industry in ways that demand greater efficiency and adaptation by incumbent firms. The shift to new investors is happening against a backdrop of disruption—an explosion of data, the rise of digital generations and the robo-advisors to serve them, and secular headwinds in the global economy. Generations X and Y move effortlessly across both the analog world of face-to-face meetings and the virtual world of digital platforms that enable the fast and accurate service they expect.
To move in lockstep with these young investors—to remain competitive as the future unfolds, with a burnished and tech-forward brand—wealth management firms must invest in a transformation built around a modern core banking system. And they must do it without alienating older clients, still the bedrock of their business. Read Article: https://www.forbes.com/sites/forbesinsights/2016/06/02/the-future-of-wealth-management/#236fa02611f0 Comments are closed.
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AuthorJoshua Nahas Archives
May 2017
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