Global Wealth Management Study 2016
Why wealth management can’t afford to miss the digital wave
The wealth management industry now needs to provide both its current
and future clients with a substantially evolved service model or risk losing
market share. Faced with low levels of client advocacy and a rising appetite
among its target audience for digitally-enabled living, CEOs of traditional
wealth management firms need to accelerate their efforts to integrate
technology into their business. By overestimating their current technology
offering, firms are now critically vulnerable to FinTech innovators who
can present the world’s wealthy with slick and highly personalised ways to
manage and coordinate their assets, and leverage their real-time personal
data continuously to make better financial decisions.
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